ExxonMobil eyes new markets as it doubles down on China's LNG demand

"There are new markets that have a need for natural gas and need for LNG, and the demand is there, but they haven't the infrastructure in place yet, but we see that in Asia Pacific, Vietnam, Thailand, Philippines, South Africa, and Colombia are significant potential markets," he said.

Barry dismissed concerns about an LNG oversupply as projects in Qatar and the US start to come online from next year, saying that demand will rise to meet the supply.