Exxon, Qatar Petroleum Form LNG Venture

Law360, New York (April 16, 2013, 11:58 AM EDT) -- Exxon Mobil Corp. and the international arm of state-owned Qatar Petroleum have signed a memorandum of understanding to explore liquefied natural gas opportunities worldwide, including potential gas plays in North America, the companies said Monday.

Qatar Petroleum International and Exxon signed the MOU at conference in Berlin. The parties said in a joint statement that the agreement was designed to give QPI the ability to explore unconventional natural gas and natural gas liquids plays, with the assistance of Exxon's market-leading exploration and production division.

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