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October 16th, 2017:

Gas producers pumping up demand

  • The Wall Street Journal

After spending hundreds of billions of dollars to transform themselves into global natural gas giants, some of the world’s biggest energy companies face a new challenge: generating more demand as supplies threaten to balloon and prices languish.

Companies including Royal Dutch Shell, Total and Cheniere Energy are trying to establish new markets for liquefied natural gas, a super-chilled version of the fuel that can be shipped around the world. Producers are promoting the use of LNG for industrial trucking and shipping. Companies also say they are considering building the power plants and infrastructure necessary to provide gas and electricity in developing markets such as South Africa and Vietnam. read more

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Slowing Demand Growth to Push Big Oil From Cars to Chemicals

Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to consultant Wood Mackenzie Ltd.

Major crude producers will have to adapt to significant changes in the coming years, but their businesses can grow. Oil consumption will keep expanding until at least 2035 as the petrochemical industry, which provides the building blocks to manufacture everything from plastics to pesticides, makes up for the contraction in some transport fuels, Wood Mackenzie said in a report on Monday. read more

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.

Shell has seen the future – and it’s several shades of green

Ben Van Beurden, chief executive officer of Royal Dutch Shell, sees a future dominated by gas and renewables, with gas the clear winner. Photo: Bloomberg

By Ben Marlow: 

If there is one subject that divides energy producers it’s the question of when oil demand will peak.

Indeed, it is such a controversial topic that some senior figures like Saudi Arabia’s Energy Minister, Khalid al-Falih, prefer not to discuss it at all.

He claims talk of peak demand is dangerous. It threatens to reduce vital investment, “compromising” energy security, al-Falih said earlier this year.

John Watson, boss of American oil giant Chevron, recently dismissed the idea of peak demand as “wishful thinking”. read more

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.