Shell is “not going soft” on oil and gas, warns of LNG “supply crunch”

Friday, 02 November 2018

Royal Dutch Shell will keep investing in global gas projects as demand is anticipated to grow at a rate of 2% per year, twice the rate to worldwide energy demand. “Our core business is, and will be for the foreseeable future, very much in oil and gas… and particularly in natural gas,” Shell CEO Ben van Beurden told a conference in London, warning about the risks of an LNG "supply crunch" by the mid-2020s. 

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