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  • balegoba1966 balegoba1966 Nov 14, 2012 10:36 AM Flag

    Shell affirms billions going into LNG

    Shell affirmed its long term, multi-billion dollar commitment to LNG. Also, Japan is considering starting a futures market on LNG contracts.

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    • "With natural gas trading near a one-year high, Royal Dutch Shell, one of the world's largest integrated oil and gas companies, is making a big bet on the future of the cleanest of all fossil fuels.

      In an exclusive interview on CNBC's "Squawk Box," Shell CEO Peter Voser said his company plans to invest $20 billion in natural gas products globally over the next three years.

      "We are pursuing four options here in the U.S. to do something with the natural gas," Voser said. "First, is to go into chemicals which then can be used for manufacturing industries. Second, using gas to go into liquids, generating synthetic diesel, base oils. Third, gas into transports for trucks and shipping industries. And finally, LNG (liquefied natural gas) exports out of the U.S."

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