With the global LNG markets finely balanced, Shell is optimistic about the growth potential of its LNG business in south and southeast Asia. The company has identified key markets like the Philippines, Thailand, Vietnam, and Bangladesh as driving demand for LNG in the region.
Cecile Wake, the Country Chair at Shell Australia, expressed her satisfaction with Prelude’s recent performance post-shutdown. She noted that its reliability has improved, and no major shutdowns are planned for this year or the next. As a result, the facility is expected to see higher volumes as it continues to strengthen its position in the Asian markets.
Shell’s flagship floating LNG facility is just one of many assets that contribute to its competitiveness in Asia. The company remains focused on maintaining its supply position while ensuring high utilization and reliability of its LNG assets in Australia. With a strategic outlook on the LNG industry, Shell is well-positioned to capitalize on the growing demand in south and southeast Asia.
