LNG

June 14 (LNGJ) - Shell Chief Executive Wael Sawan told investors in New York in a presentation that Europe’s largest oil and gas company would expand the activities of its leading Integrated Gas division and maintain leadership in the global liquefied natural gas market. Shell also planned to maintain an advantaged position in Upstream to achieve cash flow longevity by stabilising liquids production through 2030.

   “Shell will continue to invest in providing secure supplies of energy while actively working to reduce carbon emissions,” said Sawan. “We are investing to provide the secure energy customers need today and for a long time to come, while transforming Shell to win in a low-carbon future. Performance, discipline and simplification will be our guiding principles as we allocate capital to enhance shareholder distributions while enabling the energy transition,” the CEO stated.