Supermajor strategy: Despite recession and glut, the big three remain intent on LNG growth
Natural gas prices continue to come under heavy pressure from recession-induced demand declines, the rise of unconventional gas in the US, and what some have described as a ‘tsunami’ of new LNG. Some believe that prices in traded markets this summer could be even lower than the sub-$3/MMBtu depths plumbed last year. Undaunted by these trends, the top three energy super-majors – ExxonMobil, Shell and BP – have recently made clear that developing new LNG capacity remains at the core of their strategies. LNG Business Review looks at what they are planning, and why.
- Category:
- Region: