Shell to Focus on LNG for the Next 10 Years

Shell to Focus on LNG for the Next 10 Years

Shell aims to strengthen its focus on LNG over the next decade, with chief executive Wael Sawan saying that LNG will be the company’s “biggest contribution to the energy industry”, per a Reuters report that cited a statement by the executive. Sawan noted that natural gas is one of the best fuels to reduce emissions in places that currently rely heavily on coal, such as China, India, and the rest of Asia. “We are absolutely committed to this sect…

Shell Focusing on LNG for Next 10 Years; Expects Demand to Grow 60% - Marcellus Drilling News

In February 2016, Shell completed a $69.7 billion buyout and merger with BG, the largest such oil and gas deal since Exxon bought Mobil in 1999, driven by the company’s love of LNG (see LNG Love Story: Shell Makes Play to Buy BG in $69.7B Megamerger). BG Group was one of the biggest sellers and...