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In a symbol of anticipated soaring Asian gas demand in coming decades, Royal Dutch Shell (RDS.A,...

In a symbol of anticipated soaring Asian gas demand in coming decades, Royal Dutch Shell (RDS.A, RDS.B) will move the headquarters of its gas business to Singapore from Europe. Shell is mulling more Asian LNG projects akin to the $10B Prelude vessel - "the largest object man has ever built that floats" - and is considering projects which could almost double its current capacity to produce the fuel.
Comments (2)
  • The Shareholder
    , contributor
    Comments (21) | Send Message
     
    This is even more interesting considering RDS.A is planning to soon produce more gas than oil.
    5 Dec 2012, 09:54 PM Reply Like
  • kmi
    , contributor
    Comments (4268) | Send Message
     
    "anticipated soaring Asian gas demand"

     

    That's Shell's position.... Fact is Europe is rapidly expanding its renewable base, and will likely reduce reliance on fossils, and there is little prospective growth opportunity there for NG (although I should point out there is absolutely expansion in NG use in transportation, which is occuring at a far greater pace than in the US). Shell's competitive position in Europe isn't that great.

     

    So it makes sense for Shell to move HQ to Singapore, although I hardly think this has wider ranging implications.
    6 Dec 2012, 08:41 AM Reply Like
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