ExxonMobil Congratulates Qatar for Reaching Milestone of 77 MTA LNG Production Capacity

DOHA, Qatar--(BUSINESS WIRE)-- ExxonMobil congratulated Qatar on becoming the world's largest producer of liquefied natural gas at a ceremony today marking the production capacity milestone of 77 million tones per annum (MTA).

The event was celebrated in Ras Laffan Industrial City at a ceremony under the patronage and in the presence of His Highness Sheikh Hamad Bin Khalifa Al Thani, the Emir of the State of Qatar and His Excellency Abdullah Bin Hamad Al Attiyah the Deputy Premier and Minister of Energy and Industry. Also in attendance were Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), ministers, senior government officials and delegations from Qatar Petroleum, Qatargas and RasGas.

"I would personally like to congratulate both His Highness the Emir and His Excellency Minister Al Attiyah for this incredible achievement," said Tillerson. "Qatar's visionary leadership and the remarkable story of its natural gas development are truly an inspiration. We are honored to be part of this major accomplishment."

ExxonMobil is a participant in 12 of Qatar's 14 LNG projects, including two Qatargas joint ventures (QG1 and QG2) and three RasGas joint ventures (RL1, RL2 and RL3). ExxonMobil also helped develop the newest classes of LNG carriers with the 210,000 cubic meter capacity Q-Flex ships and the 265,000 cubic meter Q-Max vessels which carry LNG to receiving terminals jointly developed by Qatar and ExxonMobil in the United Kingdom, Italy and the United States, and to markets around the globe.

Combining the unique strengths of Qatar Petroleum and ExxonMobil in a model partnership enabled the development of innovative solutions resulting in the extremely successful LNG business Qatar has today.

ExxonMobil delivered advanced technologies, strong project execution and economies of scale to reduce the cost of producing and transporting LNG, thereby extending the ability of Qatar Petroleum, Qatargas and RasGas to help meet energy requirements around the world.

"ExxonMobil has had the privilege to participate in the State of Qatar for decades, and we are very proud of the relationships we have developed with its people," said Alexander Dodds, president and general manager of ExxonMobil Qatar Inc. "We understand that maximizing energy development extends beyond oil and gas production. Developing people and creating and delivering sustainable, long-term benefits for local suppliers and communities are vital to success."

Qatar Petroleum and ExxonMobil have brought teamwork and technology together through large-scale LNG joint venture projects that help support the economic growth and well-being of Qatar while successfully developing the capabilities of Qatari nationals, a key objective of the State of Qatar. ExxonMobil has a proven record of job creation, outstanding training and career development and support for local industry. ExxonMobil does this through investment, employment, assistance with education and training, the transfer of knowledge and skills, and the purchase of goods and services.

About ExxonMobil

ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world's growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com.

ExxonMobil Qatar Inc. (EMQI) is a subsidiary of Exxon Mobil Corporation and is the interface within Qatar for all ExxonMobil affiliated activities.

    Source: Exxon Mobil Corporation

Released December 13, 2010