Over the last year ExxonMobil has made major moves to expand and change its LNG business. It has executed two big LNG M&A deals spending US$5.2bn to access new supply in PNG and Mozambique. And has started selling and marketing LNG on a portfolio basis. Despite the change in approach we think Qatar is still its number one LNG priority. With participation in 12 of Qatar's 14 LNG trains it is the jewel in the crown of its entire oil and gas portfolio. But Qatar s strategy is changing and ExxonMobil is working hard to maintain and deepen its relationship with Qatar as its LNG business evolves.