LNG spared in Exxon Japan rejig

ExxonMobil's LNG marketing business in Japan was left out of a restructuring of the US supermajor's operations in the country.

The company announced that it struck a $3.9 billion deal to sell its shares in local spin-off ExxonMobil Yugen Kaisha to refiner TonenGeneral Sekiyu.

The restructuring will leave the Houston-based giant as the largest shareholder in TonenGeneral, which will have exclusive use of ExxonMobil's brands for sale of oil products in Japan.

ExxonMobil