Archive · 30 Sep 2025
Shell CEO: LNG to Drive Energy Transition Over Next Decade
Shell's CEO, Wael Sawan, says that LNG will be the most important part of their business for the next ten years.
They believe LNG can help lower global emissions by replacing coal in some countries.
Shell plans to invest in LNG projects, with the expectation that the demand will increase significantly by 2040.
The company is considering further investment in the LNG Canada facility.
Sawan mentioned that the government is very supportive of this project.
Shell is also watching the market closely.
This is because many new LNG projects are starting, which could affect how much they can sell LNG for.
Shell CEO Wael Sawan highlights LNG's importance for emissions reduction and financial performance.
LNG is expected to constitute a major part of global natural gas sales by 2040.
Shell plans to expand LNG projects in various locations, including Canada.
Shell is assessing market conditions before finalizing investments in new LNG projects.
The Canadian government supports the LNG Canada facility expansion.
- Who
- Shell CEO Wael Sawan
- What
- LNG will be Shell's biggest contribution to the energy industry.
- When
- Over the next decade.
- Where
- At an Economic Club of New York event.
- Why
- To cut emissions and improve financial performance.
- Company
- Shell
- Focus
- Liquefied natural gas (LNG)
- CEO
- Wael Sawan
- LNG Demand Growth Forecast
- 60% by 2040
- LNG Share of Global Natural Gas Sales (by 2040)
- Approximately 20%
- LNG Canada Facility
- First major LNG export facility in Canada