Pryor noted that the total value of shipments from U.S. chemical manufacturers during the past two years hit an all-time high. The American Chemistry Council reports that chemicals are once again America’s single biggest export – larger than agriculture, automobiles and aerospace.Pryor said the United States is also poised to play a significant role in the global LNG market, which is expected to triple in size from 2010 to 2040. ExxonMobil estimates that LNG exports from North America, which were essentially zero in 2010, will increase to about 15 billion cubic feet per day in 2040. “While we don’t know how many LNG projects ultimately will prove viable, we need to let the competitive market determine which ones get built and which don’t,” Pryor said. “Beyond the issue of permitting, the United States must embrace free-trade policies for the products of natural gas, whether they are petrochemicals or LNG.” # # # Statements relating to future plans, projections, events or conditions are forward-looking statements. Actual results, including project plans, costs, timing, capacities, and economic impacts, could differ materially due to factors including: changes in oil or gas prices or other market or economic conditions affecting the oil, gas and petrochemical industries, including the scope and duration of economic recessions; changes in law or government regulation, including tax and environmental requirements; the outcome of commercial negotiations; changes in technical or operating conditions; and other factors discussed under the heading "Factors Affecting Future Results" in the “Investors” section of our website and in Item 1A of ExxonMobil's 2012 Form 10-K. We assume no duty to update these statements as of any future date. The term “project” as used in this release does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government payment reporting. To see the full remarks, visit: http://www.exxonmobil.com/Corporate/news_speeches_20130925_sdp.aspx About ExxonMobil Chemical ExxonMobil Chemical is one of the world’s premier petrochemical companies with manufacturing, technology, and marketing operations around the world. The company delivers a broad portfolio of products and solutions efficiently and responsibly, with a commitment to create outstanding customer and shareholder value. ExxonMobil Chemical endorses the principles of sustainable development, including the need to balance economic growth, social development and environmental considerations.
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