Gas market turbulence will pass, says Shell executive
Oct 6th, 2021
by John Donovan.
REUTERS
Gas market turbulence will pass, says Shell executive
October 5, 20215:18 PM BST
LONDON, Oct 5 (Reuters) – The gas market has faced a “perfect storm” of cold weather, supply concerns and increased demand but it will stabilise eventually, an executive at Royal Dutch Shell (RDSa.L) said on Tuesday.
“This turbulence will pass. It might take a while, but the market will stabilise at sensible levels,” De la Rey Venter, executive vice president at LNG West, which handles Shell’s natural gas assets in Canada, Europe Africa and Latin America, told a virtual conference.
Reporting by Marwa Rashad Editing by Edmund Blair and David Goodman
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Tagged: Gas · LNG · Royal Dutch Shell Plc · Shell