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Exxon Proceeds With Russian LNG Project

Despite the fact that ExxonMobil has been forced to withdraw from some joint projects with Russian oil giant Rosneft due to the sanctions on Russia, the U.S. supermajor is proceeding with a US$15-billion liquefied natural gas (LNG) project that is unaffected by the sanctions, Reuters reported on Thursday, citing industry sources with knowledge of the issue.

source: Oilprice.com