Global Leader in International Oil and Gas Industry News

posted in:

Royal Dutch Shell Plc - www.youroilandgasnews.com

Royal Dutch Shell Plc strong global gas demand underpin Shell's integrated gas strategy

Thursday, Nov 15, 2012

THE HAGUE, the Netherlands, November 14, 2012 /PRNewswire/ --Royal Dutch Shell plc ("Shell") (NYSE: RDS.A)(NYSE: RDS.B) hosted a management day with investors today, focusing on global gas and Asia Pacific Upstream.

Outlining Shell's global gas strategy, CEO Peter Voser said: "Strong growth in gas markets, especially Integrated Gas, is a major opportunity for Shell and our shareholders. Our Integrated Gas earnings have more than trebled in the last five years, reaching $9 billion over the last year, driven by liquefied natural gas ("LNG") and gas-to-liquids ("GTL"), and we see growth opportunities to invest over $20 billion here for 2012-15."

"We are aiming to develop profitable new gas supplies to meet the market's growing demand for clean and affordable low carbon energy. This plays to Shell's technology and financial strength."

Global primary energy demand could double to 400 million barrels of oil equivalent per day ("Mboe/d") in the first half of the 21st century, from some 200 Mboe/d in 2000, and 270 Mboe/d in 2011, driven by the non-OECD economies. Some two thirds of energy consumption in 2030 could be in the non-OECD, compared to 56% today.

Meeting this growth in demand will require large scale and sustained investment in all forms of energy, with an energy mix that is 80% hydrocarbons today, and it will be dominated by hydrocarbons for some time to come.

Natural gas, which is the cleanest burning fossil fuel,  has an important role to play, with more than 250 years of global supply established, and emerging exploration potential, especially in shale gas. Shell expects global natural gas demand to increase by 60% from 2010 to 2030, reaching 25% of the global primary energy mix and within that, strong growth in LNG.

LNG demand  has doubled to 200 million tonnes per annum ("mtpa") in the first decade of this century. Shell expects LNG demand  to double again to 400 mtpa by 2020, and  potentially reach 500 mtpa by 2025. Meeting this demand growth will require substantial industry investment - potentially more than $700 billion - and continued  innovation and interdependency between supplier and customer countries.

Shell is the industry leader in LNG and in gas-to-liquids, and is developing innovative new integrated applications, such as gas-to-chemicals, converting ethane into commercial petrochemicals, and LNG for transport, which offers a lower emission and lower cost alternative to oil fuels.

Shell has 22 mtpa of LNG on stream today, and is building 7 mtpa of new LNG capacity in Australia that will increase Shell production by 30%. In addition, the company is maturing over 20 mtpa of further LNG options, in Australia, Indonesia and North America, that should drive Shell's LNG leadership into the next decade.

Source: Royal Dutch Shell plc

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Total discovers oil in deep offshore Ivory Coast 18-04-2014
McDermott Signs Agreement for North Sea Spoolbase 18-04-2014
Atlas Oil to Sell BP branded assets in Chicago and NW Indiana 18-04-2014
MetroGas forms powerful consortium to address Miami-Dade County energy needs 18-04-2014
TruStar Energy announces grand opening of city furniture CNG fueling station 18-04-2014
Gastar Exploration begins drilling new well in Utica Shale 17-04-2014
Osiris Projects nearing completion of the ambitious works on the subsea cabling project which will help deliver fast, fibre optic broadband to the H 17-04-2014
Corlena Oil Company II, LLC to sell horizontal Texas Panhandle properties 17-04-2014
Xylem’s Godwin pumps restore critical operations at flooded oil refinery in Argentina 17-04-2014