Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and the Global Energy Mix, Renewable Clean Energy
Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A)(NYSE: RDS.B) hosted a management day with investors, focusing on global gas and Asia Pacific Upstream.
Outlining Shell’s global gas strategy, CEO Peter Voser said: “Strong growth in gas markets, especially Integrated Gas, is a major opportunity for Shell and our shareholders. Our Integrated Gas earnings have more than trebled in the last five years, reaching $9 billion over the last year, driven by liquefied natural gas (“LNG”) and gas-to-liquids (“GTL”), and we see growth opportunities to invest over $20 billion here for 2012-15.”
“We are aiming to develop profitable new gas supplies to meet the market’s growing demand for clean and affordable low carbon energy. This plays to Shell’s technology and financial strength.”
Global primary energy demand could double to 400 million barrels of oil equivalent per day (“Mboe/d”) in the first half of the 21st century, from some 200 Mboe/d in 2000, and 270 Mboe/d in 2011, driven by the non-OECD economies. Some two thirds of energy consumption in 2030 could be in the non-OECD, compared to 56% today.
Meeting this growth in demand will require large scale and sustained investment in all forms of energy, with an energy mix that is 80% hydrocarbons today, and it will be dominated by hydrocarbons for some time to come.
Natural gas, which is the cleanest burning fossil fuel, has an important role to play, with more than 250 years of global supply established, and emerging exploration potential, especially in shale gas. Shell expects global natural gas demand to increase by 60% from 2010 to 2030, reaching 25% of the global primary energy mix and within that, strong growth in LNG.
LNG demand has doubled to 200 million tonnes per annum (“mtpa”) in the first decade of this century. Shell expects LNG demand to double again to 400 mtpa by 2020, and potentially reach 500 mtpa by 2025. Meeting this demand growth will require substantial industry investment – potentially more than $700 billion – and continued innovation and interdependency between supplier and customer countries.
Shell is the industry leader in LNG and in gas-to-liquids, and is developing innovative new integrated applications, such as gas-to-chemicals, converting ethane into commercial petrochemicals, and LNG for transport, which offers a lower emission and lower cost alternative to oil fuels.
Shell has 22 mtpa of LNG on stream today, and is building 7 mtpa of new LNG capacity in Australia that will increase Shell production by 30%. In addition, the company is maturing over 20 mtpa of further LNG options, in Australia, Indonesia and North America, that should drive Shell’s LNG leadership into the next decade.
For the longer term, Shell has gas-focused exploration programmes in exciting acreage positions such as China, South Africa and Ukraine, which have large scale resources potential, and is assessing over 5 mtpa of LNG to transport opportunities world-wide.
Voser concluded: “Technological innovation continues to differentiate Shell from our competition and today Shell is the industry leader in LNG, FLNG and GTL.”
“We are using Shell’s scale and innovation to continue to drive gas growth through integrated value chains. Our portfolio and opportunity set in global gas is unrivaled in the industry today. There is more to come from Shell.”
ReviewThe Applied Bank® Secured Visa®Gold Credit Card is a secured credit card that is better than prepaid and will allow you to set your own credit limit, even if your past credit history wasn't the best. Enjoy the benefits of a card that is safe, sound and secure for your everyday needs.
Better Than Prepaid Even if you don't have a solid credit history, you can still apply for the Applied Bank® Secured Visa® Gold Credit Card. You will also get a credit line that is reported to the three major credit bureaus.
Credit Limit – What you deposit on to your card is the amount you get to spend. Your available credit limit can be anything between $200 to $5,000 – the choice is yours. Your deposit is also what secures your credit card with a limit equal to your deposit total.
The Applied Bank® Secured Visa®Gold Credit Card makes it simple for you to manage your finances with credit limit that is determined by you. Get the credit card that has simplified matters for you so you don't have to!!
Updated: Monday, July 23, 2012
Most Attractive Feature(s): Low fixed APR, no credit checks.
Least Attractive Feature(s): Issuer does not pay interest on the amount deposited.Note: The review of this card was updated on 7/23/2012. The review was believed to be accurate during that time. Some information may have changed since that date. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application. Credit card review information is provided by FlexOffers.com, Inc.
Rates & Fees
|Introductory Rate Offer:||No Introductory Rate Available|
|Intro Applied To:||(None)|
|Intro Details:||No Introductory Rate Available|
|APR for Purchases:||9.99%|
|APR for Cash Advances:||9.99%|
|Method of Computing Balance:||Average Daily Balance|
|Annual Fee for Additional Cardholders:||$30|
|Late Payment Fee:||Up to $35|
|Over The Limit Fee:||None|
|Cash Advance Fee:||Either $5 or 5% of the amount of each cash advance, whichever is greater.|
|Balance Transfer Fee:||None|
|Minimum Credit Limit:||$200|
|Maximum Credit Limit:||$5,000|
|Total First Year Fees:||$0|
|Type of Reward:||(None)|
|Additional Perks:||See website for additional benefits.|
|Important Notations:||Credit bureau reporting.
See website for complete terms and conditions of card usage and application disclosure.
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service
Copyright Live Trading News All rights reserved.
Follow us on LinkedIn