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Project Insights

BP and Shell ready for new LNG landscape

Industry execs offered mixed opinions and varied plans for demand-side growth in the LNG market at the CWC World LNG Summit in Barcelona Industry execs offered mixed opinions and varied plans for demand-side growth in the LNG market at the CWC World LNG Summit in Barcelona.
By Chris Noon and Andrew Walker 14 December 2016 World / LNG 0 23200
Malaysia’s Melaka LNG terminal. The LNG market could see a shift in demand sources. (Petronas)

Senior executives from BP and Shell are optimistic about the future of global gas and LNG demand, as well as the industry’s ability to manage the new wave of demand growth.

Speaking at the CWC World LNG Summit in Barcelona on Tuesday, Jonty Shepard, chief operating officer of BP’s LNG division, said that while supply would not be an issue for the foreseeable future, growing demand presents certain challenges. "It’s a healthy market and demand is growing – but the sources of that demand are changing,"...