Bloomberg Talks Shell CEO Wael Sawan Talks LNG Sales
Mar 25, 2025
Wael Sawan, the CEO of Shell, sheds light on the company’s ambitious plans to dominate the LNG market by 2030. He discusses the expected 60% rise in LNG demand by 2040 and shares strategies for maintaining a diverse production portfolio. Navigating production challenges, he reveals Shell's focus on shareholder value and potential mergers. With geopolitical concerns looming, Sawan also addresses how a peace deal between Ukraine and Russia could impact natural gas supplies to Europe.
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Shell's LNG Ambitions
- Shell aims to be the top LNG trader, expanding sales by 4-5% annually until 2030.
- They believe LNG is crucial for the future energy system and plan to hold 15-20% of the market.
Shell's Production Strategy
- Shell plans to sustain liquid production at 1.4 million barrels/day until 2030.
- Growth will come from integrated gas, marketing, mobility, and lubricants.
Shell's Share Buyback Strategy
- Shell has bought back over 20% of its shares in three years and prioritizes buybacks.
- They aim to buy back another 40% by 2030.