Shell says new LNG buyers want shorter, smaller contracts
By Reuters: 20 February 2017
LONDON, Feb 20 (Reuters) – Royal Dutch Shell, the world’s biggest liquefied natural gas (LNG) trader following its takeover of BG Group last year, said new LNG customers that will drive demand are looking for shorter and smaller contracts.
Shell expects much of new LNG demand to come from countries that want to replace declining domestic gas production — which has already happened in Egypt and Pakistan — and those countries that are looking at LNG to complement pipeline and domestically produced gas, like China or Morocco.
Shell said it sold LNG into six new markets in 2016, compared with a typical annual rate of 2-3 new national buyers, as countries like Egypt, Pakistan and Jordan chose to import more gas to meet domestic consumption needs.
The new buyers typically need more flexibility in their gas supplies due to uncertainty over demand evolution, meaning the historical contract structure of large volumes sold in multi-decade deals is changing.
“On average, term contracts are getting shorter and smaller and that’s in response to the introduction of new buyers to the market who have more uncertainty in their market positions,” Steve Hill, Shell’s executive vice president for gas and energy marketing and trading, told journalists on Monday.
New potential customers this year are Jamaica and Malta, which have built floating storage LNG units, as well as Ivory Coast, where Shell owns a small stake in a new LNG import project, Hill said.
Shell’s LNG sales rose 45 percent last year to 57.11 million tonnes.
(Reporting by Karolin Schaps; Additional reporting by Ron Bousso. Editing by Jane Merriman)
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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: 
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