Mon Oct 31, 2011 6:07am GMT
Oct 31 (Reuters) – Oil major Royal Dutch Shell Plc (RDSa.L) expects prices of liquefied natural gas (LNG) in Asia to continue rising and refining margins to stay under pressure in 2012, its chief executive said on Monday.
“LNG prices are rising and we see this continuing,” Peter Voser told Reuters on the sidelines of the Singapore International Energy Week (SIEW).
Shell is working on new supply sources and that could influence prices in the longer term. The oil major has bought a marine terminal on Canada’s Pacific Coast as a possible site to export LNG to Asia.
Voser also said that new refining capacity coming online next year would cap margins.
“Refining is a cyclical business and there is significant capacity coming onstream,” he added. “It also depends on demand. I would say refining margins will be under pressure next year.”
Voser said he was optimistic that the global economy would continue to grow and did not expect a hard landing for China‘s economy.
“I am confident that the economy of China will grow in line with the aspirations of the Chinese people,” he added.
(Reporting by Francis Kan and Jessica Jaganathan; Writing by Miral Fahmy; Editing by Michael Urquhart)
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
