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Shell to focus on LNG, projecting 60% demand rise by 2040 amid global expansion efforts.
Shell's CEO Wael Sawan says liquefied natural gas (LNG) will be the company’s main focus over the next decade, emphasizing its role in reducing emissions by replacing coal in countries like China and India.
He projects a 60% increase in global LNG demand by 2040, with LNG’s share of natural gas sales rising to 20% from 13%.
Shell is advancing LNG projects in Abu Dhabi, Nigeria, and Canada, including the LNG Canada facility on North America’s west coast.
While government support in Canada is strong, Sawan says final decisions on expanding the project depend on market conditions, as a surge in global LNG capacity raises concerns about economic sustainability.
Shell se centrará en el GNL, proyectando un aumento de la demanda del 60% para 2040 en medio de los esfuerzos de expansión mundial.