March 5, 2008 / 5:10 PM / 12 years ago

Exxon CEO sees U.S. difficulty competing for LNG

NEW YORK (Reuters) - Exxon Mobil Corp (XOM.N) Chief Executive Rex Tillerson said the United States will have trouble competing with Asia and Europe for liquefied natural gas in coming years.

“In the near term, that’s going to be the situation. The U.S., from a pricing standpoint will have difficulty competing for LNG,” he said, speaking to analysts in New York.

Reporting by Michael Erman; Editing by Derek Caney

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