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CERAWEEK-Global LNG demand is picking up due to low prices - Shell CEO
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CERAWEEK-Global LNG demand is picking up due to low prices - Shell CEO
Mar 18, 2024 9:07 AM

March 18 (Reuters) - 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.

(Reporting by Ron Bousso in Houston)

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