The demand for natural gas is set to soar over the next few years given the ever-growing global requirement for energy and more stringent safety regulations in the wake of recent mishaps. Liquefied natural gas (LNG) accounts for about 30% of all natural gas business, and the worldwide LNG market is expected to approximately triple in volume from 2005 to 2030. Royal Dutch Shell
Arrow Energy, Shell's joint venture with PetroChina
Gearing up for the natural gas play
As I said above, the worldwide liquefied natural gas market is expected to approximately triple in volume from 2005 to 2030. Shell has been fortifying its operations and expanding in the right places. Its groundbreaking Prelude Floating LNG project will definitely help it stay ahead of the game. It will have a capacity of 3.6 million tonnes a year. Asia will be the chief importer, where LNG demand is set to double this decade.
The Foolish bottom line
Although Shell has an edge in the natural gas play owing to its massive size and presence, it faces stiff competition from Big Oil companies such as Chevron