‘LNG glut’ a sham: Shell CEO

Royal Dutch Shell CEO Ben van Beurden.

Royal Dutch Shell CEO Ben van Beurden.

Royal Dutch Shell CEO Ben van Beurden says there is little evidence of LNG oversupply and has promised to continue developing new projects.

According to the Australian, Mr van Buerden said the oversupply tipped by many analysts as new projects in Australia and the US come online hasn’t been spotted yet.

“The LNG glut, it’s conspicuously absent, isn’t it? Much to the surprise of those who thought it was inevitable,” said Mr van Buerden.

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