Shell CEO sees balanced LNG market over the next year

Author Logo | Thu, 31 Oct 2024 15:42:38 GMT

LONDON, Oct 31 – Shell’s CEO Wael Sawan said on Thursday he expects the liquefied natural gas (LNG) market to remain balanced through next year as supplies tighten due to delays in some project start-ups.

Speaking to analysts after the company reported third quarter profits of $6 billion, Sawan also said Shell had started arbitration hearings with Venture Global over the delay in LNG supplies.

(Reporting by Ron Bousso; Editing by Susan Fenton)

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