ExxonMobil (XOM) Negotiates Massive LNG Deal With Turkey

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.This negotiation is part of Turkey’s broader initiative to build a new supply portfolio to decrease its ...