HOUSTON, March 23 (Reuters) - Shell is concerned that the Iran war could impact long-term confidence in the affordability and security of natural gas supplies, said the company's president of
Shell Voices Concern Over Iran War's Long-Term Impact on LNG Supply Confidence
Geopolitical Tensions and Their Effect on Global LNG Markets
Shell's Perspective on Gas Market Stability
HOUSTON, March 23 (Reuters) - Shell is concerned that the Iran war could impact long-term confidence in the affordability and security of natural gas supplies, said the company's president of integrated gas, Cedric Cremers.
Signals to Gas Customers
"These geopolitical shocks...send the wrong signals to customers around the long-term fundamentals of gas," Cremers said at the CERAWeek conference in Houston.
Market Impact and Industry Response
Disruption in Energy Supply
The conflict has removed nearly 20% of the world's energy including LNG from markets after the Strait of Hormuz was effectively closed. Glencore energy head Maxim Kolupaev, speaking at the same panel, said that existing LNG volumes can meet present demand but need to be rerouted.
Panel Discussion Highlights
(Reporting by Curtis Williams in Houston; Editing by Nathan Crooks.)
