Shell CEO Sees a World ‘Desperately in Need’ of Natural Gas

New CEO Sawan sees the gas business growing, volatile markets
It’s too early to say worst of Europe’s energy crisis is over

WATCH: Shell CEO Wael Sawan discusses oil and gas supply constraints and the long-term outlook for the energy market.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Will Mathis and Francine Lacqua

February 2, 2023 at 8:30 AM UTC

Updated on

February 2, 2023 at 11:27 AM UTC

This article is for subscribers only.

Shell Plc’s natural gas business can continue to grow after making record profits in 2022, as the global thirst for the fuel no signs of slowing, said Chief Executive Officer Wael Sawan.

After years of questions over how oil and gas producers can deliver strong returns to shareholders while also cutting carbon emissions, Shell’s new boss gave an early insight into how he sees Russia’s invasion of Ukraine reshaping both global markets and the opportunities for his company.