Shell Warns Iran War Impacts Long-Term LNG Confidence
Shell warns the Iran war may impact long-term confidence in LNG supply security. The conflict has removed nearly 20 percent of global energy from markets.
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Shell plc has expressed significant concern regarding the ongoing conflict involving Iran, noting that the war could undermine long-term confidence in the security and affordability of global liquefied natural gas (LNG) supplies. Speaking at the CERAWeek conference in Houston, Cedric Cremers, the company's president of integrated gas, highlighted the risks posed by current geopolitical instability.
These geopolitical shocks send the wrong signals to customers around the long-term fundamentals of gas.
