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Shell to Strengthen Its LNG Portfolio With New QatarEnergy Deal
SHELShell Global(SHEL) ZACKS·2024-12-04 21:31

Shell plc (SHEL) on Dec. 2, 2024, has announced an accord with QatarEnergy to secure 3 million metric tons per annum of liquefied natural gas (LNG) for delivery to China starting January 2025. This deal will strengthen Shell’s footprint in Asia, the biggest LNG market.SHEL’s Position in the Growing Asian LNG MarketChina, the world’s largest LNG buyer, imported 71 million metric tons in 2023 and a record high of 79 million metric tons in 2021. As the Asian economies welcome cleaner energy, SHEL forecasts tha ...