Shell forecasts steady annual increase in LNG production by 4–5% over next 5 years

Shell has announced its intention to reinforce its position as a major LNG player, intending to increase its annual production by 4–5% through 2030, according to a corporate statement.

In order to achieve high efficiency while reducing emissions, Shell will expand its presence in the LNG market by consistently increasing sales volumes at the pace outlined in the document.

In addition, Shell aims to boost gas output by 1% per year, while keeping liquids production steady at 1.4 million barrels per day.

The company is also reviewing its approach to allocating capital, planning to ramp up shareholder distributions from 30–40% to 40–50% of cash flow from operations (CFFO) and to reduce annual investments to $20–22 billion from 2025 to 2028.

According to CEO Wael Sawan, Shell aims to become a global leader in gas and LNG production, as well as one of the most customer-oriented companies in energy trading and marketing. The company will maintain a strong presence in the liquid hydrocarbons’ production, the top manager adds.