HOUSTON, March 23 (Reuters) - Shell is
concerned that the Iran war could impact long-term confidence in
the affordability and security of natural gas supplies, said the
company's president of integrated gas, Cedric Cremers.
"These geopolitical shocks...send the wrong signals to
customers around the long-term fundamentals of gas," Cremers
said at the CERAWeek conference in Houston.
The conflict has removed nearly 20% of the world's energy
including LNG from markets after the Strait of Hormuz was
effectively closed. Glencore energy head Maxim Kolupaev,
speaking at the same panel, said that existing LNG volumes can
meet present demand but need to be rerouted.
(Reporting by Curtis Williams in Houston; Editing by Nathan
Crooks.)