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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POSITIVE IMPACT
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.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90