- Royal Dutch Shell (RDS.A, RDS.B) says there is no evidence of a glut in liquefied natural gas supply, as demand kept pace with a strong increase in supply last year and dismissing concerns that a wave of new gas projects coming online could swamp the market.
- In its new LNG outlook, Shell projects natural gas consumption will rise by 2%/year during 2015-30, and demand for LNG will increase at a rate of 4%-5%/year.
- Shell has doubled down on LNG following its acquisition of BG Group last year, staking the company’s future on natural gas and huge deepwater prospects offshore Brazil.