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Shell CEO, chair laud LNG as "low carbon"

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Activist resolution questioning LNG strategy gets 21%

support

(Adds details of voting in paragraphs 3 and 9, LNG strategy in

paragraphs 5-8)

LONDON, May 20 (Reuters) - Shell shareholders

on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan,

who said when asked about a potential deal for rival BP

that the bar for mergers and acquisitions was very high.

Media reports

earlier this month

suggested Shell was working with advisers to evaluate a

potential acquisition of BP.

Sawan won the support of 98.7% of shareholders at Shell's

annual general meeting and Mackenzie of 91.4%. In contrast, BP

Chair Helge Lund only received 76% at its AGM after years of

share underperformance, and is set to leave his post in the

coming months.

Echoing previous comments when asked about media reports

that Shell was studying a bid for BP, Sawan said Shell's current

share price makes buybacks an especially attractive way of

spending money.

A shareholder resolution asking Shell to provide further

information on its strategy to boost LNG sales, and how this is

compatible with goals to cut carbon emissions, received around

20.6% support.

"LNG will be the biggest contribution Shell will make to the

energy transition," Sawan told shareholders, pointing to the

option of replacing more polluting fuels like coal with gas.

"LNG is a versatile low-carbon fuel that is going to be

essential for the energy transition."

The majority of natural gas is made up of methane, a

greenhouse gas and significant contributor to climate change

alongside carbon dioxide.

All other board members, including Finance Chief Sinead

Gorman, were also re-elected.