Shell CEO Wael Sawan reaffirms strong commitment to LNG at CERAWeek

Shell remains firmly committed to liquefied natural gas (LNG) as a key pillar of its energy strategy, Shell CEO Wael Sawan said during his keynote address at CERAWeek by S&P Global in Houston. 

Sawan highlighted the growing importance of LNG in meeting global energy demand, particularly in Asia, and underscored the role of artificial intelligence (AI) in shaping future energy consumption patterns.

LNG's strategic role 

Sawan noted that the increasing demand for LNG is being driven by strong economic growth and rising energy consumption in Asia. He pointed out that reinvesting in South Asia’s gas production infrastructure can be capital-intensive and time-consuming, making LNG imports an attractive alternative due to their flexibility and quick deployment.

He emphasized that natural gas, with its lower carbon intensity compared to coal and oil, holds a strategic advantage in the energy transition, helping countries reduce emissions while maintaining a stable energy supply.

AI as energy demand driver 

Sawan also highlighted the impact of AI on energy markets, calling it a key factor in driving future demand. AI’s growing use in data centers, infrastructure, and advanced technologies is increasing the need for reliable and scalable energy sources — a significant portion of which is expected to come from LNG.

AI is not only driving energy consumption but also helping to improve infrastructure and operational efficiency, he said. 

Energy trading 

Sawan reinforced Shell’s strength as a global energy trader, noting that the company’s diversified portfolio and extensive network of partners give it the ability to offer customers flexible and reliable supply options.

“Trading is at the core of Shell’s business,” Sawan stated. 

European energy challenges 

Turning to Europe, Sawan addressed the complexities of the EU’s energy transition, noting that the strength of the Union — with its many member countries — can also create challenges and obstacles. He observed that varying priorities across member states have slowed the pace of progress.

Sawan hope that European leaders will avoid overregulation and instead focus on enhancing competitiveness.

Multi-scenario approach 

Sawan highlighted Shell's strategic decision-making approach, which prioritizes examining multiple scenarios rather than depending on a single forecast. This adaptability enables the company to respond more effectively to market fluctuations and technological advancements. He noted that “AI is at the forefront of our considerations” among the various scenarios.