Shell aims to boost nat­u­ral gas pro­duc­tion

Yorkshire Post - Business - - MARKET REPORT -

ROYAL DUTCH Shell could boost its share of nat­u­ral gas pro­duc­tion to triple that of oil in or­der to meet self-im­posed goals to halve car­bon emis­sions by 2050, chief ex­ec­u­tive Ben van Beur­den said.

He out­lined a se­ries of mea­sures the An­glo-Dutch com­pany is con­sid­er­ing to meet the am­bi­tious tar­gets, which in­clude lim­it­ing emis­sions from its op­er­a­tions as well as emis­sions from the burn­ing of its petrol and gas by cus­tomers.

“Over time, this net car­bon foot­print am­bi­tion will trans­form our com­pany’s prod­uct mix,” van Beur­den said.

Other than in­creas­ing the share of nat­u­ral gas, the least pol­lut­ing fos­sil fuel, from around 50 per cent to­day, Shell could also sell en­ergy from off­shore wind farms, sell bio­fu­els and use car­bon cap­ture and stor­age (CCS) tech­nol­ogy, van Beur­den said.

Shell is even rolling out a pro­gramme charg­ing cus­tomers ex­tra at the pumps to be used to plant trees around the world.

Van Beur­den how­ever said that the en­ergy sec­tor will need gas pro­duc­tion op­er­a­tions to re­duce emis­sions of meth­ane, a po­tent green­house gas, or the case for the fuel as a lower car­bon al­ter­na­tive would be “fa­tally un­der­mined”.

Shell, the world’s top trader of liq­ue­fied nat­u­ral gas, cur­rently pro­duces around 3.7 mil­lion bar­rels of oil equiv­a­lent per day, of which roughly half is nat­u­ral gas.

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