Wednesday, 10 October 2018

Shell is “not going soft” on oil and gas, warns of LNG “supply crunch”

Harbour view of Kitimat's industrial zone where LNG Canada is being built Harbour view of Kitimat's industrial zone where LNG Canada is being built

Royal Dutch Shell will keep investing in global gas projects as demand is anticipates to grow at a rate of 2% per year, twice the rate to worldwide energy demand. “Our core business is, and will be for the foreseeable future, very much in oil and gas… and particularly in natural gas,” Shell CEO Ben van Beurden told a conference in London, warning about the risks of an LNG "supply crunch" by the mid-2020s.

Subscriber content
  Full content is available only to subscribers
please log in below or subscribe now
Or request to register for a free 14 day trial here