Shell Executive Says LNG Industry Is Expected To Grow Between 7M And 20M Tons Over The Coming Year; The Long Term Contracts That Europe Has Signed Don't Fill Demand-Supply Gap; We Still See A Structural Shortage Of 50M-70M Tons A Year For The Rest Of The Decade Or More That Europe Needs To Secure
Portfolio Pulse from Benzinga Newsdesk
A Shell executive predicts the LNG industry will grow by 7M to 20M tons in the next year. Despite Europe's long-term contracts, a structural shortage of 50M-70M tons annually persists for the decade, indicating a significant demand-supply gap.
February 14, 2024 | 3:30 pm
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Shell's executive's forecast of LNG industry growth and a persistent shortage in Europe highlights potential revenue growth and market demand for Shell's LNG business.
The executive's statement directly involves Shell's LNG business, indicating a positive outlook for growth and demand. This is likely to be viewed positively by investors, as it suggests potential for increased revenues and market share in the LNG sector.
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