Shell believes net-zero pledges will deepen LNG demand
LNG’s buoyant brave new world
The industry’s big players remain optimistic despite the headwinds of the last two years
The LNG industry has long had a propensity to spring surprises. But perhaps the biggest surprise today is how optimistic industry players remain about their future, despite 2020’s acceleration of the transition to a net-zero greenhouse gas (GHG) emissions world, a pandemic-induced collapse in capital investment, unprecedented price volatility, growing buyer concern about LNG’s carbon intensity, and a slow-down in commoditisation of LNG trading. Recent weeks have seen Shell and the Gas Exporting Countries Forum (GECF) publish their annual long-term gas and LNG outlooks, as well as the CeraWeek conference. The consensus has been clear: the industry will continue to adapt to whatever challenges
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