Fleet Management

Shell CEO Expects Natural Gas Prices to Rise

May 17, 2012

SHARING TOOLS        | Print Subscribe
Shell's chief executive told The Financial Times the company expects natural gas prices in the U.S., which are currently at 10-year lows, to double by 2015.

In an interview, chief executive Peter Voser said Shell is using a price of $4 to $6 per million Btu for 2014-2015, up from the current $2.55.

The price increase will be driven by increased demand, "as coal is replaced by gas in electricity generation, and gas in transportation takes off."

Shell is also looking into turning U.S. natural gas into diesel. The Wall Street Journal recently reported that Shell is considering building a plant in Louisiana similar to an existing gas-to-liquids facility in Qatar.

Read the entire FT article here.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All