Shell CEO @ LNG18: Working Hard to Lower LNG Costs
In April 2015 when supermajor Royal Dutch Shell announced it wanted to buy out BG and merge the two companies--the biggest such merger since Exxon merged with Mobil--we told you the buyout/merger was all about LNG (see LNG Love Story: Shell Makes Play to Buy BG in $69.7B Megamerger). In February, Shell consummated the deal with BG (see Shell & BG One Company After Today, Shell Ponies Up $14.4B Cash). Earlier today Shell CEO Ben van Beurden took the stage at the LNG18 conference in Perth, Australia. van Beurden's talk was, as you can imagine, about LNG--liquefied natural gas--and how Shell is working to lower costs in engineering and construction of LNG facilities. That is, van Beurden confirmed what everyone already knew: LNG is the future of Shell...
To view this content, log into your member account. (Not a member? Join Today!)