Exxon, Chevron See China Gas Growth Even With Russia Link

Exxon Mobil Corp. and Chevron Corp. are bullish on China’s future appetite for liquefied natural gas even if Russia succeeds in adding another pipeline to the Asian nation.

That’s because China, the world’s largest coal consumer, still has a long way to go to switch to cleaner fuels, such as natural gas, in power generation and industry, according to Exxon Mobil senior vice president Peter Clarke. And the nation will want a diverse mix of suppliers to avoid over-reliance on Russian gas as Europe once had, said Chevron’s president for global gas, Freeman Shaheen.