Shell betting big on natural gas, Upstream director says

Shell’s upstream director Andrew Brown has said that demand for natural gas will continue do grow in the long turn, and the world appetite for energy is increasing.


During his speech at the IHS CERAweek in Houston, at a session named “Global Gas: How do we maintain momentum,” he said that the industry is today facing a significant challenge in needing to meet a higher energy demand, with fewer emissions.

He said that natural gas is one of the key solutions for this problem, as at current levels of consumption, there are enough economically recoverable gas reserves to last for the next 200 years.
“Gas is also the cleanest burning fossil fuel, producing only half of carbon dioxide and just one tenth of the air pollutants from conventional coal, when used to generate electricity,” Brown said.

Brown said that Shell’s estimates show that demand for gas will be 50% higher by 2040, than it is today, which is one of the reasons the company is focusing on gas and LNG, especially through the recently announced intention take over BG Group, a specialist in gas and LNG, for $70 billion.

Speaking geographically, Brown said that natural gas demand will continue to grow strongly in Asia, despite the recent slowdown of China’s economy, and the Middle East is emerging as the next large market for gas.

To support the worldwide usage of natural gas, Brown said it was important that a robust carbon pricing system be established.

When it comes to supply, Brown said that most of the new global LNG supply, 80%, will come from only three regions: North America, East Africa and Australia.

Offshore Energy Today staff

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply