Shell Focusing on LNG for Next 10 Years; Expects Demand to Grow 60%

In February 2016, Shell completed a $69.7 billion buyout and merger with BG, the largest such oil and gas deal since Exxon bought Mobil in 1999, driven by the company's love of LNG (see LNG Love Story: Shell Makes Play to Buy BG in $69.7B Megamerger). BG Group was one of the biggest sellers and shippers of LNG in the world. The merger made Shell THE biggest LNG trader in the world post-merger, a position it continues to hold. But after buying and merging with BG, Shell lost its way for a while under CEO Ben van Beurden. No more. Shell's love affair with LNG is back and passionate.

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