Royal Dutch Shell sees natural gas as a destination fuel, not a transition fuel towards a net-zero economy, Kallanish Energy reports.
Speaking at the Gastech Virtual Summit on Monday, Maarten Wetselaar, Shell’s Integrated Gas & New Energies director, said the world will still need oil and gas for decades, with gas accounting for 40% of all additional energy demand from now to 2035.
“We still cannot model a large power markets that runs without natural gas even 30 years from now. I can not think how you would ever produce petrochemicals without starting with a molecule, and the natural gas is the obvious one,” he said.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.