Shell says it is expanding its options for monetising gas, even as high costs loom over some of its plans. The firm’s integrated gas business accounted for a third of its profit last year, at about $9bn. Shell is the biggest LNG producer among the majors, with 22mn t/yr of output capacity, and is adding 4mn t/yr by buying Spanish firm Repsol’s LNG assets. It has another 7mn t/yr of capacity under construction, with further projects planned. Shell expects global LNG demand to at least double to 500mn t in 2025 and exceed this if trans- port sector demand takes off (see p7).
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