Shell Plc\u2019s new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major energy producers toward fossil fuels and energy security.
\n\u201cI am of a firm view that the world will need oil and gas for a long time to come,\u201d Shell Chief Executive Officer Wael Sawan said in an interview with Times Radio on Friday. \u201cAs such, cutting oil and gas production is not healthy.\u201d<\/p>\n
BP Plc, Shell\u2019s closest peer, said last month that it would slow the planned decline in its oil and gas production in order to guarantee the reliability of energy supply following the disruption caused by Russia\u2019s invasion of Ukraine.<\/p>\n
\u201cWe\u2019ve seen of course through 2022 the fragility of the energy system,\u201d Sawan said. \u201cTo see prices start to skyrocket, that\u2019s not healthy for anyone, particularly consumers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Shell Plc\u2019s new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major energy producers toward fossil fuels and energy security. \u201cI am of a firm view that the world will need oil and gas for a long time to come,\u201d Shell Chief Executive Officer Wael Sawan said in an interview with Times Radio on Friday. \u201cAs such, cutting oil and gas production is not healthy.\u201d BP Plc, Shell\u2019s closest peer, said last month that it would slow the planned decline in its oil and gas production in order to guarantee the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-560147","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/560147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=560147"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/560147\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=560147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=560147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=560147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}