Shell’s Global LNG Business Traded Tumult for Opportunity in Volatile Third Quarter
Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday.
Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday.
The island nation of Trinidad and Tobago is aiming to take a “significant step forward” in gathering Venezuelan natural gas to support domestic demand and LNG exports after the United States granted an amended license, according to Energy Minister Stuart Young.
Investments in low-emission technologies are taking a backseat to Shell plc’s Integrated Gas arm, as LNG prospects show promise for years to come, the executive team said Wednesday.
Shell plc is not going to determine how quickly the energy transition happens, but there is a role going forward for natural gas and oil, the CEO said last week.
Natural gas trading delivered blow-out results for Shell plc in the final quarter of 2022, fueled by stronger LNG sales.
Shell plc is moving to substantially increase its global portfolio of renewable natural gas (RNG) with a nearly $2 billion acquisition deal to acquire Europe’s largest biogas producer, Nature Energy Biogas A/S.
Shell plc’s long awaited Pennsylvania petrochemical project, the first major polyethylene manufacturing complex fueled by natural gas liquids in the Northeast, has begun operations, with designed output of 1.6 million metric tons/year.