Finance
Shell CEO says LNG sector growing faster than gas, around 3% per annum
Published by Global Banking and Finance Review
Posted on February 2, 2026
1 min readLast updated: February 2, 2026
Quick Summary
Shell CEO Wael Sawan announced that the LNG sector is growing at 3% annually, outpacing the gas market. This was reported during a session in Doha.
Shell CEO says LNG sector growing faster than gas, around 3% per annum
LNG Sector Growth Insights
DOHA, Feb 2 (Reuters) - Shell's CEO Wael Sawan said on Monday that the liquefied natural gas (LNG) sector was expanding at a rate of about 3% per annum, outpacing the gas market.
CEO's Statement
(Reporting by Emily Chow; Editing by Bernadette Baum)
Key Takeaways
- •LNG sector is growing at 3% per annum.
- •LNG growth surpasses the overall gas market.
- •Shell CEO Wael Sawan shared insights in Doha.
- •The energy sector is seeing a shift towards LNG.
- •LNG is becoming a key player in global energy.
Frequently Asked Questions about Shell CEO says LNG sector growing faster than gas, around 3% per annum
1What is LNG?
LNG stands for liquefied natural gas, which is natural gas that has been cooled to a liquid state for ease of storage and transport.
2What is the growth rate of the LNG sector?
The LNG sector is growing at a rate of approximately 3% per annum, which is faster than the general gas market.
3What is the significance of LNG in energy markets?
LNG plays a crucial role in energy markets by providing a cleaner alternative to other fossil fuels and facilitating global energy trade.
