Get Guardian on GoogleShell expects to add 12 million tons of liquefied natural gas (LNG) capacity by the end of the decade from projects currently under construction, including expansions in Nigeria, a top executive at the world’s largest LNG trader said on Wednesday.
“(There is) up to 12 million tons of additional (LNG) capacity that we’re adding between now and the end of the decade,” Cederic Cremers, President of
Integrated Gas at Shell, stated at Wood Mackenzie’s Gas, LNG & The Future of Energy 2025 conference, as reported by Reuters.
The additional capacity will come from projects in Canada, Qatar, Nigeria, and the United Arab Emirates (UAE), Cremers confirmed at the industry event in London.
Shell, which delivered 65 million tons of LNG to over 30 countries last year, is expanding its capacity through third-party deals, acquisitions, and participation in LNG projects.
In Nigeria, Shell has long been a key player in the country’s LNG sector through its stake in Nigeria LNG (NLNG), a joint venture with the Nigerian National Petroleum Company (NNPC) and other international partners.
The company’s expansion efforts align with Nigeria’s push to boost LNG exports and strengthen its position in the global gas market.
Shell’s LNG growth strategy also includes its partnership with QatarEnergy in the mega expansion of the North Field, the world’s largest natural gas field shared by Qatar and Iran. Additionally, Shell owns 40% of the LNG Canada project, which is nearing completion and will focus on exports to Asian markets.
To further strengthen its gas trading business, Shell recently acquired Singapore-based LNG trading firm Pavilion Energy.
The company’s annual LNG report earlier this year projected a 60% surge in global LNG demand through 2040, driven by Asia’s economic growth, emissions reduction efforts in heavy industry and transport, and the rising power needs associated with artificial intelligence (AI).
Shell’s continued investment in Nigeria’s LNG sector underscores the country’s role in meeting the world’s growing energy demands while advancing its own economic and industrial development.
