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Shell’s 2024 Liquefied Natural Gas (LNG) Outlook proves that the long-term investment case for LNG beyond 2040 is fading. Instead, the company is pinning its hopes on rapid demand growth in emerging markets and China’s industrial sector, which may never materialize. Critical barriers to LNG value chain financing are likely to constrain demand growth in South and Southeast Asian markets. Moreover, LNG is unlikely to provide baseload power generation in emerging Asia due to its high costs compared to other energy sources. Shell is banking on China’s industrial decarbonization to drive global LNG demand higher, but this overlooks Chinese policies designed to limit gas dependence. Under carbon neutral pathways, China’s industrial gas usage could peak and decline through 2060.

Construction costs for Shell’s petrochemical plant in Pennsylvania were more than double the street-estimated cost.

Complex is likely to be less profitable than expected and face an extended period of financial distress.

Shell Pennsylvania likely to be last hurrah for big …

Even though the oil supermajors are shifting towards renewables, they need to have new ambitious goals to be net zero carbon emitters by 2050.

Supermajors ExxonMobil, Royal Dutch Shell (Shell), BP, Chevron and Total spent $16.9 billion more on …

The Driftwood LNG project suffered twin setbacks last week, further weakening the prospects for a proposed LNG export project that has waited six years for a green light.

Facing low prices and weak demand, a cross-section of 33 shale-focused oil and gas producers cut their capital expenditures (capex) to their lowest level in more than a decade.

The Biden administration’s temporary pause on permits for new LNG export facilities will likely be discussed at a trilateral summit of the U.S., Japan, and the Philippines.

"Deficit spending" widens as companies bridge cash gap with borrowing and asset sales.