Articles tagged Shell

Global natural gas prices fell on Monday amid broader panic across global financial markets over concerns the U.S. economy is slowing.

The Bintulu LNG complex in Malaysia is poised to boost liquefied natural gas output now that supplies are flowing from the Jerun field.

Russia’s Gazprom PJSC will reportedly increase its ownership of Sakhalin 2 LNG project, placing more of the country’s export capacity under state-owned company’s control as sanctions continue to pressure its oil and pipeline gas revenues.

At the right “price point,” global demand for natural gas will continue to expand, Shell plc CEO Wael Sawan said Monday. 

Shell plc upended its energy transition strategy on Thursday, citing lower power sales and stronger demand for natural gas, but it still expects to reach net-zero carbon emissions by 2050.

Qatar on Sunday advanced plans to increase the country’s LNG production capacity by 85% from current levels, upping a bet that more natural gas will be needed as progress at other liquefaction projects appears to slow.

Work at Venture Global LNG Inc.’s Calcasieu Pass export facility could stretch on until the end of the year, requiring the firm to seek an authorization extension from FERC, the company disclosed in a recent filing.

Energy majors and commodities traders are playing an outsized role in supporting a global LNG export buildout that ultimately could saturate the market with the super-chilled fuel later this decade, bring prices down and stoke future demand.

The development team behind Ksi Lisims LNG in British Columbia (BC) has inked a long-term sales and purchase agreement (SPA) with Shell plc as the supermajor looks to grow its collection of western Canadian volumes for the Asian market.

Shell plc’s Integrated Gas trading arm, which includes global LNG, is expected to report “significantly higher” sequential results for the final three months of 2023 “due to seasonality and increased optimization opportunities.”