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Published on 1 May 2024 on Zacks via Yahoo Finance

ExxonMobil (XOM) Negotiates Massive LNG Deal With Turkey

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Exxon Mobil Corporation XOM is negotiating a significant liquefied natural gas (LNG) deal with Turkey, signaling a strategic move by Turkey to diversify its energy sources and reduce its dependency on Russian energy.

The deal, potentially lasting a decade, would involve Turkey purchasing up to 2.5 million tons of LNG annually from ExxonMobil, marking a significant shift in its energy procurement strategy.

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