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Shell’s Near-Term Growth Strategy Centered on Natural Gas, Especially LNG, CEO Says

Natural Gas Intelligence · last updated

Shell plc is targeting an increase of up to 5% in LNG sales over the next five years as estimates show global demand to jump nearly 60% by 2040, CEO Wael Sawan said Tuesday.

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During its capital markets day in New York City on Tuesday, Sawan and the executive team laid out the near-term strategy for the London-based supermajor.

Plans would boost annual production growth overall by 1%, with oil output remaining flat at around 1.4 million b/d.

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