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CERAWeek: Global LNG demand is picking up due to low prices – Wael Sawan CEO of Shell

Shell CEO Wael Sawan attends a panel during Abu Dhabi International Progressive Energy Congress (ADIPEC), in Abu Dhabi, United Arab Emirates, October 2, 2023. REUTERS/Amr Alfiky
Shell CEO Wael Sawan attends a panel during Abu Dhabi International Progressive Energy Congress (ADIPEC), in Abu Dhabi, United Arab Emirates, October 2, 2023. Reuters/Amr Alfiky

Reporting by Ron Bousso

HOUSTON
EnergiesNet.com 03 19 2024

Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell (SHEL.L) CEO Wael Sawan said on Monday at a conference in Houston.

The LNG market will be well supplied in the second half of the decade, he added. The CEO of rival TotalEnergies on Monday warned of near-term tightness in the LNG market that would not abate until 2026.

LNG shipping has seen little impact from attacks by Houthi rebels in the Red Sea, Sawan said.

reuters.com 03 18 2024

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