Shell looks to double down on gas trade

The Anglo-Dutch supermajor is doubling down on the global gas trade, which already brings in more than $9 billion per year – about 40% of the company’s bottom line – through investment in LNG and gas-to-liquid facilities globally.

Shell has already struck a deal to buy Repsol’s LNG assets in Peru and Trinidad & Tobago for $4.4 billion, plugging a gap in the company's LNG portfolio by giving it access to gas supply in the western Atlantic and eastern Pacific area, said Maarten Wetselaar, executive vice president of integrated gas.

Shell