Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie

UK-headquartered energy giant Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage to enable global energy security in the foreseeable future. Bearing in mind the energy industry’s pivot towards low-carbon sources to accelerate the energy transition journey, the oil major intends to focus on liquefied natural gas (LNG) growth to reap the benefits of this shift while closing in on its emission reduction targets.