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Posts on ‘March 20th, 2019’

‘Proof the energy world is transitioning’: Sonnen’s bold future under Shell

Angela Macdonald-Smith Angela Macdonald-Smith Energy reporter: Mar 20, 2019

The head of Europe’s biggest battery producer says the company’s takeover by oil giant Shell will give it the “bold” presence needed to thrive when the sector takes off in 18 to 24 months, when faster growth rates and tougher competition will prove a competitive test.

“We are in the very beginning of the storage market worldwide,” Sonnen chief executive Christoph Ostermann said during a visit to Australia this week. “We expect to reach an inflection point very, very soon and we have to prepare for that, secure financing for that and enhance our global footprint.” read more

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Russian LNG can compete with North American projects despite challenges: Shell

Moscow — Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.

He pointed to the Far East, with the planned capacity expansion at the Sakhalin plant, the Arctic with Yamal LNG and Arctic LNG 2 projects led by Russian Novatek, and the Baltic coast, with the Baltic LNG project.

But Russia is facing a challenge from North America as capital expenditure is generally lower over there. “Projects are built in a mature market,” he said. North American projects also benefit from special partnerships, supported by a low-tax regime. read more

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