Shell to Raise Natural Gas Volume – Analyst Blog
Zacks Market Commentaries (October 8th, 2009) Writes:
Despite the low natural gas prices, Royal Dutch Shell (RDS.A) intends to increase its natural gas production in North America. The company has marked its deepwater discoveries in the Gulf of Mexico as well as from giant shale formations in western Canada, the Rockies and the Gulf Coast for this production growth.
While the company declined to say how much the expected North American gas production to grow, it believes that long-term natural gas prices will recover. Royal Dutch Shell has a leading position in natural gas.
The company is the second largest natural gas producer in the world and has led its super major peers in monetizing its substantial worldwide equity natural gas resource base by investing in liquefied natural gas (LNG) and Gas-to-Liquids (GtL) technologies. Royal Dutch Shell has emerged as a clear leader in the fast-growing LNG business.
The group continues to ...


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