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Shell CEO says LNG sector growing faster than gas, around 3% per annum

Published by Global Banking & Finance Review

Posted on February 2, 2026

1 min read

· Last updated: February 2, 2026

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Shell CEO says LNG sector growing faster than gas, around 3% per annum
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DOHA, Feb 2 (Reuters) - Shell's CEO Wael Sawan said on Monday that the liquefied natural gas (LNG) sector was expanding at a rate of about 3% per annum, outpacing the gas market. (Reporting by Emily

Shell CEO says LNG sector growing faster than gas, around 3% per annum

LNG Sector Growth Insights

DOHA, Feb 2 (Reuters) - Shell's CEO Wael Sawan said on Monday that the liquefied natural gas (LNG) sector was expanding at a rate of about 3% per annum, outpacing the gas market.

CEO's Statement

(Reporting by Emily Chow; Editing by Bernadette Baum)

Key Takeaways

  • LNG sector is growing at 3% per annum.
  • LNG growth surpasses the overall gas market.
  • Shell CEO Wael Sawan shared insights in Doha.
  • The energy sector is seeing a shift towards LNG.
  • LNG is becoming a key player in global energy.

Frequently Asked Questions

What is LNG?
LNG stands for liquefied natural gas, which is natural gas that has been cooled to a liquid state for ease of storage and transport.
What is the growth rate of the LNG sector?
The LNG sector is growing at a rate of approximately 3% per annum, which is faster than the general gas market.
What is the significance of LNG in energy markets?
LNG plays a crucial role in energy markets by providing a cleaner alternative to other fossil fuels and facilitating global energy trade.

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