Published by Global Banking & Finance Review®
Posted on March 23, 2026
1 min readLast updated: March 23, 2026
Add as preferred source on GoogleShell’s integrated‑gas chief, Cedric Cremers, warned at CERAWeek in Houston that the Iran war and effective closure of the Strait of Hormuz are undermining long‑term customer confidence in LNG affordability and security. Glencore’s Maxim Kolupaev added that while current LNG supplies meet demand, re
HOUSTON, March 23 (Reuters) - Shell is concerned that the Iran war could impact long-term confidence in the affordability and security of natural gas supplies, said the company's president of integrated gas, Cedric Cremers.
"These geopolitical shocks...send the wrong signals to customers around the long-term fundamentals of gas," Cremers said at the CERAWeek conference in Houston.
The conflict has removed nearly 20% of the world's energy including LNG from markets after the Strait of Hormuz was effectively closed. Glencore energy head Maxim Kolupaev, speaking at the same panel, said that existing LNG volumes can meet present demand but need to be rerouted.
(Reporting by Curtis Williams in Houston; Editing by Nathan Crooks.)
The Iran war may undermine long-term confidence in the affordability and security of LNG supply, according to Shell.
Nearly 20% of the world's energy, including LNG, was removed from markets after the closure of the Strait of Hormuz.
Cedric Cremers stated that geopolitical shocks like the Iran war send the wrong signals about the long-term fundamentals of natural gas.
Glencore's energy head said existing LNG volumes can meet current demand but need to be rerouted.
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