Bloomberg are reporting that Royal Dutch Shell Plc is looking to expand demand for LNG in transport to ensure its output is consumed.
Shell is studying developing a global network of LNG supply hubs for vehicles including ships.
Europe’s largest energy company acquired BG in 2016, gaining a 20% share of the global LNG market with production facilities from Australia to the US. Output of the fuel has grown as rising energy use boosts the drive to find alternatives to coal. By developing supply hubs, Shell, which announced a ramp-up in clean energy investment on 10 July, could feed the heavy-truck and marine vessel markets, increasingly important to LNG producers that traditionally serve the power sector.
Shell sees opportunities in LNG and next-generation biofuels for shipping, heavy freight and air travel.
Total SA, Europe’s second largest energy producer, echoed the call to build demand.
Total’s marine-fuels division on 10 July signed a multi-year contract to supply LNG to a cruise ferry off France, the first such ship to be powered by the fuel.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14072017/shell-consider-lng-hub-network/