- Europe faces painful “industrial rationalisation” due to its energy crisis that risks political trouble, the head of Shell warned Sunday (23 October), as the oil giant joined a natural gas project in Qatar.
- British-based Shell is the second European company, after France’s TotalEnergies, to take a stake in North Field South.
- Expansion across the North Field, the world’s biggest proven gas reserves, is intended to increase Qatar’s LNG production by 50% to about 127 million tonnes a year by 2027.
Shell CEO warns about looming ‘industrial rationalisation’ in Europe
