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Shell’s electrifying prediction

Extracts from FT article by , Energy Editor, published Sunday 18 February 2018:

Oil majors see their chance in staid world of utilities

Maarten Wetselaar, head of Shell’s “new energy” strategy, predicts the proportion of worldwide energy consumption met by electricity would increase from less than 20 per cent today to about half in coming decades. Mr Wetselaar declines to comment on speculation that Shell’s next target could be the Dutch utility Eneco. But he says: “If we’re going to build a power business that is meaningful to Shell — a real fourth pillar alongside oil, gas and chemicals — we will need to do more of these deals.”

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