06 May 2025
06 May 2025
A merger could strengthen Shell's global energy market standing, challenging Exxon and Chevron in the US.
The plan, confirmed by a commission spokesperson, is part of the EU's goal to end Russian fossil fuel imports by 2027.
This move comes as Saudi Arabia, the group's leader, aims to penalise certain members for exceeding production quotas.
The move is part of Shell's strategy to invest in profitable and carbon-competitive oil and gas projects that have a robust integrated value chain.
casino777 Technology聽spoke to Tom Vasseur, a Brussels-based policy officer with the Cool Heating Coalition, about the methods and policies Europe can use to break its dependence on Russian hydrocarbons.
This agreement would involve the provision of at least 3mtpa of LNG, sourced from QatarEnergy鈥檚 North Field expansion project.
The move follows final approval of the $17.5bn initiative last week, which has since sparked increased interest.
The deal involves the purchase of 1mtpa of LNG from Commonwealth's 9.5mtpa facility in Cameron, Louisiana, US.
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