financetom
Business
financetom
/
Business
/
CERAWEEK-Shell concerned Iran war will impact long-term confidence in LNG supply
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CERAWEEK-Shell concerned Iran war will impact long-term confidence in LNG supply
Mar 23, 2026 3:00 PM

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.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suncor Energy's Shares Gain on 'Strong' Operations, But Upside Limited, Morgan Stanley Says
Suncor Energy's Shares Gain on 'Strong' Operations, But Upside Limited, Morgan Stanley Says
Dec 16, 2024
11:21 AM EST, 12/16/2024 (MT Newswires) -- Suncor Energy's ( SU ) shares have risen due to strong operations and quarterly results as well as improved shareholder returns despite macroeconomic uncertainty weighing on oil producers, Morgan Stanley said in a note Monday. The energy sector continues to trade at a wide discount relative to the S&P 500 and following the...
Amazon Web Services to Invest $10 Billion in Greater Ohio
Amazon Web Services to Invest $10 Billion in Greater Ohio
Dec 16, 2024
11:23 AM EST, 12/16/2024 (MT Newswires) -- Amazon.com's ( AMZN ) Amazon Web Services plans to invest about $10 billion in additional funding to expand its data center infrastructure in greater Ohio, the state's governor, Mike DeWine, Lt. Governor Jon Husted, the Ohio Department of Development and JobsOhio said Monday. Price: 230.75, Change: +3.29, Percent Change: +1.45 ...
--Street Color: Walmart Investing $1.3 Billion in Chile Over 5 Years
--Street Color: Walmart Investing $1.3 Billion in Chile Over 5 Years
Dec 16, 2024
11:23 AM EST, 12/16/2024 (MT Newswires) -- Price: 94.59, Change: +0.33, Percent Change: +0.36 ...
Forian, Databricks Collaborate on Expanding Chartis Access
Forian, Databricks Collaborate on Expanding Chartis Access
Dec 16, 2024
11:23 AM EST, 12/16/2024 (MT Newswires) -- Forian ( FORA ) said Monday it entered into a partnership with Databricks to expand access to Chartis through Databricks Marketplace. Forian's ( FORA ) Chartis maps physician and organization affiliations, and Databricks Marketplace is an open platform for data, analytics and artificial intelligence. Financial terms of the collaboration weren't disclosed. Price: 2.00,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved