LNG

Shell CEO Wael Sawan has expressed reluctance to spend the company’s own equity on US LNG projects, citing the availability of low-cost infrastructure funding. His remark signals a shift towards prioritising shareholder returns over equity commitment in an increasingly oversupplied global LNG market.

Technip, Europe's leading LNG engineering firm, saw its shares jump Friday amid speculation it could merge with Italian rivals Saipem and Snamprogetti to create a world leader in LNG plant and terminal construction.