Shell LNG news

Shell has announced that Ben van Beurden will step down as Chief Executive Officer at the end of 2022, and that his successor will be Wael Sawan.

Energy Transfer LNG has entered into a 20-year LNG SPA with Shell related to its Lake Charles LNG project.

Shell has been selected by QatarEnergy as a partner in the North Field East (NFE) expansion project in Qatar.

The agreement includes a multi-year LNG supply agreement to CMA CGM’s 13 000 20-ft equivalent unit vessels in Port of Singapore.

Shell has signed separate non-binding Memorandums of Understanding with its long-standing LNG buyers Tokyo Gas and Osaka Gas.

The companies, alongside Chevron Corp. and Italy’s Eni, are partnering on the North Field expansion, which will boost Qatar’s LNG output by 64% by 2027.

Major oil and gas companies suspending their operations in Russia could disrupt progress of key Russian projects, finds GlobalData.

Project Colibri is a backfill project that is expected to add approximately 30 000 boe/d of sustained near-term gas production, with peak production at approximately 43 000 boe/d.

Venture Global LNG have executed a new 20-year sales and purchase agreement with Shell for the supply of 2 million tpy of LNG from Venture Global’s Plaquemines LNG export facility, which is expected to come online in 2024.

Following new government guidance, Shell has started a phased withdrawal from Russian LNG, whilst also donating profits from remaining Russian oil to humanitarian agencies to support Ukraine.