Shell believes net-zero pledges will deepen LNG demand
LNG’s buoyant brave new world
The industry’s big players remain optimistic despite the headwinds of the last two years
The LNG industry has long had a propensity to spring surprises. But perhaps the biggest surprise today is how optimistic industry players remain about their future, despite 2020’s acceleration of the transition to a net-zero greenhouse gas (GHG) emissions world, a pandemic-induced collapse in capital investment, unprecedented price volatility, growing buyer concern about LNG’s carbon intensity, and a slow-down in commoditisation of LNG trading. Recent weeks have seen Shell and the Gas Exporting Countries Forum (GECF) publish their annual long-term gas and LNG outlooks, as well as the CeraWeek conference. The consensus has been clear: the industry will continue to adapt to whatever challenges
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
