Shell and BG: 1 + 1 = 5
LNG and Brazil will create immense long-term value for Shell and BG Group
Thirteenyears ago, BG Group sold its share of Kazakhstan’s Kashagan project and turned its gaze to liquefied natural gas and exploration offshore Brazil. The wisdom of those decisions, now, seems unimpeachable. But then - even though more than 40 years had passed since the first commercial shipment of LNG, in 1959 - LNG still felt adventurous, fraught with risk because of its mighty capital requirements, elaborate and time-consuming engineering demands, and uncertain market outlook. Brazil’s Santos basin was in an even more embryonic state, its pre-salt fields still a twinkling in the eyes of geophysicists. And Kashagan, the largest oilfield in development outside the Middle East, hadn’t yet
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Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
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Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
