Ahead of the Government’s gas strategy, Shell chief executive Peter Voser reveals why it is the fuel of the future and how he is riding the shale revolution.
Peter Voser believes Shell is creating value out of the whole of the production and supply chain and that its exposure to gas growth is the jewel in the crown Photo: Reuters
By Kamal Ahmed: 9:00PM GMT 17 Nov 2012
It was apt that Royal Dutch Shell chose the Royal Institution in London’s Mayfair as the venue for its briefing with investors last week.
It would not have been lost on Peter Voser, the energy giant’s chief executive, that the institution was the working home of Michael Faraday, the man who in 1831 built the first electric motor and on whose principles the whole of electric power generation is based.
The Royal Institution was launched in 1799, a time when Britain was at war with France and fear stalked the establishment. Would the rapid industrialisation of the UK be put at risk by a lack of access to continental markets? For the princely sum of 500 guineas, members could join an “institution for diffusing the knowledge and facilitating the general introduction of useful mechanical inventions”. The country needed to work out how to make more energy to feed the beast of growth.