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Gold/Mining/Energy : Exxon Mobil (XOM)

XOM 118.23

+0.8%

Nov 10 3:59 PM EST

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From: JakeStraw	5/2/2005 3:01:38 PM
	of 585

Exxon Mobil, Qatar Petroleum buy 90% of Edison LNG SAN FRANCISCO (MarketWatch) -- Exxon Mobil on Monday said that the company, along with Qatar Petroluem, has purchased 90% of Edison LNG. The move is part of the plan for the construction of the Isola di Porto Levante liquefied natural gas terminal, which will be located off the coast of Italy in the North Adriatic Sea. Exxon Mobil also said that the terminal owners have secured from the Italian government and European Union Commission all the primary authorizations for its construction and operation. The terminal is scheduled for startup by the end of 2007. It will have a regasification capacity of 8 billion cubic meters a year.

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