Exxon Mobil plans to begin offering LNG-bunkering services in 2027 as part of plans to invest $30 billion in low-carbon opportunities over the 2025-30 period — a key step supporting the maritime industry’s decarbonization efforts.
The US major will charter two new bunkering vessels capable of supplying both LNG and bio-LNG — the latter produced from biogas instead of natural gas — from Avenir LNG and Evalend Shipping in the first and fourth quarter of 2027, respectively.
It is not clear where these vessels will be deployed.
Exxon is also “actively developing complementary supply solutions” to support customers who are ready to adopt LNG before that time, the company said in a statement, stopping short of providing details.
LNG bunkering appears to be a new addition to the $30 billion “low-carbon opportunities” identified by Exxon during its corporate plan update in December last year — some of which have been facing headwinds. It included low-carbon hydrogen, carbon capture and storage, biofuels, lithium, carbon materials and its patented Proxxima high-performance polymer.
