CERAWEEK-Global LNG demand is picking up due to low prices - Shell CEO

Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell CEO Wael Sawan said on Monday at a conference in Houston. The CEO of rival TotalEnergies on Monday warned of near-term tightness in the LNG market that would not abate until 2026. LNG shipping has seen little impact from attacks by Houthi rebels in the Red Sea, Sawan said.

Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell CEO Wael Sawan said on Monday at a conference in Houston. The LNG market will be well supplied in the second half of the decade, he added. The CEO of rival TotalEnergies on Monday warned of near-term tightness in the LNG market that would not abate until 2026.

LNG shipping has seen little impact from attacks by Houthi rebels in the Red Sea, Sawan said.