Latest news with #CedericCremers
Yahoo
2 days ago
- Business
- Yahoo
Shell to boost LNG capacity to 12mt by 2030
Oil and gas company Shell has announced plans to expand its capacity by up to 12 million tonnes (mt) by the end of the decade, reported Reuters, citing Shell's Integrated Gas president Cederic Cremers. This increase is attributed to several projects currently under construction, as confirmed by Cremers. Cremers stated: "That is not an ambition. Those are all projects that are currently in construction." The projects contributing to this capacity boost include those in Canada, Qatar, Nigeria and the United Arab Emirates (UAE). Shell's current buying capacity stands at approximately 70 million tonnes per annum (mtpa) of contractual liquefied natural gas (LNG). Shell LNG Marketing and Trading delivered nearly 65mtpa of LNG to more than 30 countries last year. In addition to construction projects, Shell is also enhancing its supply capabilities through strategic acquisitions and partnerships. Cremers highlighted the recent acquisition of Pavilion Energy in Singapore, which was completed by the end of the first quarter, and contracts with third-party suppliers as key to its strategy. Looking to the future, Cremers noted that by 2030, a significant portion of new supply, around 60%, is expected to come from the US and Qatar, with demand primarily driven by Asia and sectors that are challenging to electrify. Shell earlier this year projected that global LNG demand could surge by around 60% by 2040, spurred by economic growth in Asia, the impact of AI, and initiatives to reduce emissions in heavy industries and transportation sectors. Earlier this month, Shell announced the final investment decision to initiate production at the Aphrodite gas field in the East Coast Marine Area in Trinidad and Tobago. "Shell to boost LNG capacity to 12mt by 2030" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Shell to boost LNG capacity to 12mt by 2030
Oil and gas company Shell has announced plans to expand its capacity by up to 12 million tonnes (mt) by the end of the decade, reported Reuters, citing Shell's Integrated Gas president Cederic Cremers. This increase is attributed to several projects currently under construction, as confirmed by Cremers. Cremers stated: "That is not an ambition. Those are all projects that are currently in construction." The projects contributing to this capacity boost include those in Canada, Qatar, Nigeria and the United Arab Emirates (UAE). Shell's current buying capacity stands at approximately 70 million tonnes per annum (mtpa) of contractual liquefied natural gas (LNG). Shell LNG Marketing and Trading delivered nearly 65mtpa of LNG to more than 30 countries last year. In addition to construction projects, Shell is also enhancing its supply capabilities through strategic acquisitions and partnerships. Cremers highlighted the recent acquisition of Pavilion Energy in Singapore, which was completed by the end of the first quarter, and contracts with third-party suppliers as key to its strategy. Looking to the future, Cremers noted that by 2030, a significant portion of new supply, around 60%, is expected to come from the US and Qatar, with demand primarily driven by Asia and sectors that are challenging to electrify. Shell earlier this year projected that global LNG demand could surge by around 60% by 2040, spurred by economic growth in Asia, the impact of AI, and initiatives to reduce emissions in heavy industries and transportation sectors. Earlier this month, Shell announced the final investment decision to initiate production at the Aphrodite gas field in the East Coast Marine Area in Trinidad and Tobago. "Shell to boost LNG capacity to 12mt by 2030" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
3 days ago
- Business
- Reuters
Shell to add up to 12 million tons of additional LNG capacity by 2030
LONDON, June 11 (Reuters) - Shell (SHEL.L), opens new tab, the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday. "(There is) up to 12 million tons of additional (LNG) capacity that we're adding between now and the end of the decade," Cederic Cremers, Shell's president of integrated gas, said at Wood Mackenzie's Gas, LNG and the Future of Energy Conference in London. "That is not an ambition. Those are all projects that are currently in construction," he said. The projects included one in Canada, two in Qatar, as well as projects in Nigeria and the UAE.
Reuters
04-03-2025
- Business
- Reuters
Shell says director of integrated gas and upstream to step down
March 4 (Reuters) - Shell (SHEL.L), opens new tab said Zoe Yujnovich, its director of Integrated Gas and Upstream, will step down after over a decade with the oil major, and named insiders Cederic Cremers as president, Integrated Gas, and Peter Costello as president, Upstream. Cremers has been with Shell since 2002 and Costello has been with the oil company since 2016. The changes come as Shell said on Tuesday it plans to simplify its senior leadership structure. It added that from April 1, executive committee leaders representing Integrated Gas, Upstream, Downstream, Renewables and Energy Solutions, Trading and Supply, and Projects and Technology will adopt the title of "President" of their respective organizations, replacing the title of "Director". The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
