On 17 June 2026, Bloomberg reported that Exxon Mobil Corp (NYSE:XOM) entered a preliminary agreement to supply liquefied natural gas (LNG) to South Africa’s state utility Eskom Holdings SOC Ltd. The LNG will be imported through the proposed Zululand LNG terminal located in Richards Bay and will fuel a planned 3,000‑megawatt power plant that has not yet been constructed. South Africa, which generates roughly 80 % of its electricity from coal, is seeking to improve grid reliability and cut emissions by transitioning away from coal‑based generation. The transaction aligns with Exxon’s strategic objective of doubling its LNG supply portfolio to exceed 40 million tonnes per year by the end of the decade, a goal reinforced by the recent commissioning of its Golden Pass export terminal on the U.S. Gulf Coast. Additionally, Exxon indicated that it will make final decisions later in the year regarding the construction of comparable LNG facilities in Mozambique and Papua New Guinea. The deal was described by sources familiar with the matter and reflects Exxon’s broader push into emerging market LNG projects.