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ENERGY: Shell CEO Flags Demand Concerns Over Trade War

ENERGY
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The U.S./China tariff war is likely to create an extended period of uncertainty according to Shell CEO Wael Sawan speaking with CNBC.

  • Trade flows are rerouting but the “biggest impact will be on the economy and what that means for energy markets,” suggesting the tariffs are more of a demand rather than supply concern.
  • Sawan says Shell welcomes the relaxed Trump administration restrictions for the LNG market.
  • Shell see’s global LNG demand growing through 2025, adding further tightness until more Qatar and U.S. supply comes online.
  • Europe is still struggling to cope for gas supply following the prolonged Russia/Ukraine conflict Sawan said highlighting the importance of LNG.
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The U.S./China tariff war is likely to create an extended period of uncertainty according to Shell CEO Wael Sawan speaking with CNBC.

  • Trade flows are rerouting but the “biggest impact will be on the economy and what that means for energy markets,” suggesting the tariffs are more of a demand rather than supply concern.
  • Sawan says Shell welcomes the relaxed Trump administration restrictions for the LNG market.
  • Shell see’s global LNG demand growing through 2025, adding further tightness until more Qatar and U.S. supply comes online.
  • Europe is still struggling to cope for gas supply following the prolonged Russia/Ukraine conflict Sawan said highlighting the importance of LNG.