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When Will Long Queues Disappear From Filling Stations?

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Fathoming the intrigues of oil politics in Nigeria has remained a fundamental contradiction. With an economy that is heavily dependent on crude oil revenue, Nigeria has wobbled consistently in the production, distribution and utilization of petroleum products. This is more disturbing because Nigeria is about the sixth largest producer on the Organisation of Petroleum Exporting Countries (OPEC) template, and the ninth largest gas producer globally.

  Nigeria appears the only oil and gas producing country where consumers battle endlessly to get petroleum products. Indeed, long queues have remained a ubiquitous feature of the nation’s filling stations. Every attempt by government to normalize the process has met with stiff resistance by what seems a cartel, their proxies, agents and accomplices, who feed fat on the skewed system. But the scramble for petroleum products is now a predominant ethos despite attempts to put the situation under control.    

  In Port Harcourt and its environs, petroleum products are almost always scarce at the available filling stations dotted all over the city and its suburbs as customers find out at every blink of the eyes that their gates are locked under the pretext that they don’t have supplies. Even the filling station operators have cashed in on this unfortunate malady to exploit customers through various unsavoury means.

  The Tide can now authoritatively state that this festering situation has given rise to a retinue of black market operators. In fact, the filling station attendants obviously prefer to sell products to the black market cartel, who procure the products at higher prices. The black market operators, also expressly make the products available to would-be customers at exorbitant rates, even as the genuine marketers are complaining of lack of supplies. This, indeed, is the irony.

  Take a visit to TOTAL Filling Station at Elele Alimini in Emohua Local Government Area of Rivers State, for example. The romance between black market operators and fuel pump attendants is conspicuous. A retinue of youths, who have embraced the hoarding and hawking of products as a pastime, besiege the station with hundreds of jerry cans on a daily basis to buy fuel for retailing at cut-throat prices. Motorists could be seen stranded in queues for hours or even days as they wait in vein under the scourging sun to be attended to. But, alas, TOTAL is not alone in this matter. Other major marketers are also culprits in this saga. However, the independent marketers are worse in this game.

  Most filling stations across the state, particularly in the major cities or urban centres, relish in this show of shame. The filling stations prefer to sell in jerry cans. Why? Simply because the black market vendors of petroleum products pay more to get the products. For example, a litre of Premium Motor Spirit (PMS), which is commonly called fuel, officially sold at filling stations for N65, is pumped to the jerry cans of these illegal fuel racketeers at N70 per litre. The cartel takes the products across the filling station’s fence, on the road, and sells the products easily to desperate motorists or other end users for as much as between N96 and N105 per litre. In fact, a 20-litre petrol bought from the filling station at N1,800, is usually sold just a few metres away from the filling station it was originally bought at a minimum of N3,800. At some times, that 20-litre fuel goes for as much as between N5,000 and N6,500. These are the daily occurrences within Port Harcourt, the Rivers State capital, and its environs. 

  Let’s take a typical Port Harcourt scenario, for instance. At the Nigerian National Petroleum Corporation (NNPC) Mega Station at Lagos Bus Stop in the heart of the city, a hoard of illegal products dealers and marketers surround the circumference. They buy PMS, kerosene, and diesel in jerry cans directly from the mega station. Just immediately after that, they beat a cautious retreat across the road, where they display their products for sale to potential buyers. The illegal market here is booming, very lucrative, but dangerous and life-threatening because of the flammable substances they deal on.

  While some motorists queue to get products from the mega station, others, who do no want to waste their precious time queuing to get fuel from the station, end up with the hawkers of products nearby. There, they procure the products just as they ask. They only need to negotiate appropriate prices, mostly at cut-throat rates, with the syndicate, who control a huge market within the precinct. From petrol, kerosene to diesel, the products are almost always available, even in the face of acute scarcity. Elsewhere in Port Harcourt Township, where there is a well known filling station, the story is the same.

  A drive through Station Road/Chief O.B. Lulu-Briggs Road will reveal similar atmosphere, particularly between Station Bus Stop and Loko Bus Stop, or the popular Post Office Bus Stop. On this stretch are Mobil, Oando, AP, TOTAL, and Conoil filling stations. Petrol hawkers make brisk business on a daily basis here.

  On the very busy Port Harcourt/Aba Expressway, the craze for the market is palpable. From Leventis Bus Stop through Eleme Junction, the unending sight of products hawkers is almost permanent. In fact, Aba Road has another high concentration of illegal products hawkers in Port Harcourt. Both day and night, these hawkers are there, at your beck and call. This is the popular road that connects Port Harcourt, nay, Rivers State, to other neighbouring states to the East, West, North and even South. Within a 16-kilometre stretch of this road from Isaac Boro Park, are three Conoil stations, one Oando station, three Texaco stations, two AP stations, four TOTAL stations, three Mobil stations, an NNPC mini-Mega Station at Oil Mill Junction, and about six independent filling stations between Oil Mill and the former toll gate, some metres away from KM16.

  The Tide spoke to some motorists, illegal products dealers, filling station attendants, and other stakeholders, who voiced their concerns on the lingering trend. Motorists, who spoke to The Tide at some of the filling stations, alleged that most of the fuel attendants and station managers, reserve certain pumps for black market operators, who buy in jerry cans and drums, in some cases. They claimed that most of the fuel attendants prefer to sell to those with jerry cans because they add their commissions to the approved pump price of products, thereby jerking the prices up. They also say that the long queues noticed at most filling stations are as a result of the fact that the fuel pump attendants don’t sell to vehicles immediately they find their way into the stations. They, therefore, blamed the persisting problem on government agencies charged with the responsibility of checking the situation, lack of adequate personnel to monitor and enforce the laws.

  As for some of the illegal products dealers, they argued that buying in jerry cans makes their returns faster. They agree that although there is a lot of risk involved, they have to continue with the business because that is the only way they can earn some money to feed their families and make ends meet. They also agree that the risk may be enormous, but argued that there is nothing they can do for now, given that it is not easy to get paid employment in the country today.

  But the filling station managers and fuel attendants continue to pass the buck. They argue that the long queues are as a result of inadequate product supplies. They also argue that although they sell to vehicles as they come in, but that the criminal elements, who buy in jerry cans for resell, harass, threaten and intimidate them, if they don’t sell to them as quickly as possible. They said some of the criminals hovering around filling stations, posing as gate men in some cases, oftentimes, take over the sale of products at the stations. They claimed that it is for this reason that some of them have gone the extra length to engage the services of armed police men to man the gates or mount checks at the pumps to ward off any intruders and those who may want to assault them.

  However, some stakeholders disagree. They told The Tide that the filling station managers and attendants are aiding and abetting the situation. They leveled series of allegations against the operators of the filling stations, including hoarding, selling more to with jerry cans, and encouraging illegal bunkering and hawking of products. They challenged government agencies responsible for monitoring, enforcement, and regulation of the downstream sector of the oil industry to brace up to the deteriorating situation so as to save Nigerians from the lingering fuel crisis. They also urged government to repair existing refineries to enable them operate at full capacities, augment and bridge supplies through importation, and check hoarding of products.

  Honestly, the government needs to do more to normalize the situation. At the state level, the Rivers State Ministry of Energy and Natural Resources should live up to its mandate. The Petroleum Products Monitoring Task Force has been reportedly dissolved, but it needs to be reconstituted, reinvigorated, strengthened and empowered to prosecute law breakers and other offenders. The Department of Petroleum Resources (DPR) inspectors, monitoring teams and agents should intensify efforts at getting the various filling stations to play by the rules, even if it means shutting down and prosecuting filling station managers, pump attendants, and dealers who compromise.

  At the national level, the lead provided by the Petroleum Minister, Dr Rilwanu Lukman, two weeks ago, in a terse warning to the management of NNPC to address the problem of fuel scarcity in major cities in Nigeria or face sanctions has yielded positive result in Abuja. The queues that hitherto, permeated all filling stations in the Federal Capital Territory (FCT) suddenly disappeared, some few days after the warning. In Lagos, Port Harcourt, and elsewhere, the situation has yet to return to normalcy. This is why an integrated approach is required to address the ugly situation, and make it easy for Nigerians to enter the filling stations, get whatever products they want, and leave without much ado. It is a matter of mustering the political will to act. And the minister has already shown it. Others must follow suit. This is only when the long queues will disappear from the filling stations across Nigeria. 

When Will Long Queues Disappear From Filling Stations?

OIL & ENERGY

Taneh Beemene

 

Fathoming the intrigues of oil politics in Nigeria has remained a fundamental contradiction. With an economy that is heavily dependent on crude oil revenue, Nigeria has wobbled consistently in the production, distribution and utilization of petroleum products. This is more disturbing because Nigeria is about the sixth largest producer on the Organisation of Petroleum Exporting Countries (OPEC) template, and the ninth largest gas producer globally.

  Nigeria appears the only oil and gas producing country where consumers battle endlessly to get petroleum products. Indeed, long queues have remained a ubiquitous feature of the nation’s filling stations. Every attempt by government to normalize the process has met with stiff resistance by what seems a cartel, their proxies, agents and accomplices, who feed fat on the skewed system. But the scramble for petroleum products is now a predominant ethos despite attempts to put the situation under control.    

  In Port Harcourt and its environs, petroleum products are almost always scarce at the available filling stations dotted all over the city and its suburbs as customers find out at every blink of the eyes that their gates are locked under the pretext that they don’t have supplies. Even the filling station operators have cashed in on this unfortunate malady to exploit customers through various unsavoury means.

  The Tide can now authoritatively state that this festering situation has given rise to a retinue of black market operators. In fact, the filling station attendants obviously prefer to sell products to the black market cartel, who procure the products at higher prices. The black market operators, also expressly make the products available to would-be customers at exorbitant rates, even as the genuine marketers are complaining of lack of supplies. This, indeed, is the irony.

  Take a visit to TOTAL Filling Station at Elele Alimini in Emohua Local Government Area of Rivers State, for example. The romance between black market operators and fuel pump attendants is conspicuous. A retinue of youths, who have embraced the hoarding and hawking of products as a pastime, besiege the station with hundreds of jerry cans on a daily basis to buy fuel for retailing at cut-throat prices. Motorists could be seen stranded in queues for hours or even days as they wait in vein under the scourging sun to be attended to. But, alas, TOTAL is not alone in this matter. Other major marketers are also culprits in this saga. However, the independent marketers are worse in this game.

  Most filling stations across the state, particularly in the major cities or urban centres, relish in this show of shame. The filling stations prefer to sell in jerry cans. Why? Simply because the black market vendors of petroleum products pay more to get the products. For example, a litre of Premium Motor Spirit (PMS), which is commonly called fuel, officially sold at filling stations for N65, is pumped to the jerry cans of these illegal fuel racketeers at N70 per litre. The cartel takes the products across the filling station’s fence, on the road, and sells the products easily to desperate motorists or other end users for as much as between N96 and N105 per litre. In fact, a 20-litre petrol bought from the filling station at N1,800, is usually sold just a few metres away from the filling station it was originally bought at a minimum of N3,800. At some times, that 20-litre fuel goes for as much as between N5,000 and N6,500. These are the daily occurrences within Port Harcourt, the Rivers State capital, and its environs. 

  Let’s take a typical Port Harcourt scenario, for instance. At the Nigerian National Petroleum Corporation (NNPC) Mega Station at Lagos Bus Stop in the heart of the city, a hoard of illegal products dealers and marketers surround the circumference. They buy PMS, kerosene, and diesel in jerry cans directly from the mega station. Just immediately after that, they beat a cautious retreat across the road, where they display their products for sale to potential buyers. The illegal market here is booming, very lucrative, but dangerous and life-threatening because of the flammable substances they deal on.

  While some motorists queue to get products from the mega station, others, who do no want to waste their precious time queuing to get fuel from the station, end up with the hawkers of products nearby. There, they procure the products just as they ask. They only need to negotiate appropriate prices, mostly at cut-throat rates, with the syndicate, who control a huge market within the precinct. From petrol, kerosene to diesel, the products are almost always available, even in the face of acute scarcity. Elsewhere in Port Harcourt Township, where there is a well known filling station, the story is the same.

  A drive through Station Road/Chief O.B. Lulu-Briggs Road will reveal similar atmosphere, particularly between Station Bus Stop and Loko Bus Stop, or the popular Post Office Bus Stop. On this stretch are Mobil, Oando, AP, TOTAL, and Conoil filling stations. Petrol hawkers make brisk business on a daily basis here.

  On the very busy Port Harcourt/Aba Expressway, the craze for the market is palpable. From Leventis Bus Stop through Eleme Junction, the unending sight of products hawkers is almost permanent. In fact, Aba Road has another high concentration of illegal products hawkers in Port Harcourt. Both day and night, these hawkers are there, at your beck and call. This is the popular road that connects Port Harcourt, nay, Rivers State, to other neighbouring states to the East, West, North and even South. Within a 16-kilometre stretch of this road from Isaac Boro Park, are three Conoil stations, one Oando station, three Texaco stations, two AP stations, four TOTAL stations, three Mobil stations, an NNPC mini-Mega Station at Oil Mill Junction, and about six independent filling stations between Oil Mill and the former toll gate, some metres away from KM16.

  The Tide spoke to some motorists, illegal products dealers, filling station attendants, and other stakeholders, who voiced their concerns on the lingering trend. Motorists, who spoke to The Tide at some of the filling stations, alleged that most of the fuel attendants and station managers, reserve certain pumps for black market operators, who buy in jerry cans and drums, in some cases. They claimed that most of the fuel attendants prefer to sell to those with jerry cans because they add their commissions to the approved pump price of products, thereby jerking the prices up. They also say that the long queues noticed at most filling stations are as a result of the fact that the fuel pump attendants don’t sell to vehicles immediately they find their way into the stations. They, therefore, blamed the persisting problem on government agencies charged with the responsibility of checking the situation, lack of adequate personnel to monitor and enforce the laws.

  As for some of the illegal products dealers, they argued that buying in jerry cans makes their returns faster. They agree that although there is a lot of risk involved, they have to continue with the business because that is the only way they can earn some money to feed their families and make ends meet. They also agree that the risk may be enormous, but argued that there is nothing they can do for now, given that it is not easy to get paid employment in the country today.

  But the filling station managers and fuel attendants continue to pass the buck. They argue that the long queues are as a result of inadequate product supplies. They also argue that although they sell to vehicles as they come in, but that the criminal elements, who buy in jerry cans for resell, harass, threaten and intimidate them, if they don’t sell to them as quickly as possible. They said some of the criminals hovering around filling stations, posing as gate men in some cases, oftentimes, take over the sale of products at the stations. They claimed that it is for this reason that some of them have gone the extra length to engage the services of armed police men to man the gates or mount checks at the pumps to ward off any intruders and those who may want to assault them.

  However, some stakeholders disagree. They told The Tide that the filling station managers and attendants are aiding and abetting the situation. They leveled series of allegations against the operators of the filling stations, including hoarding, selling more to with jerry cans, and encouraging illegal bunkering and hawking of products. They challenged government agencies responsible for monitoring, enforcement, and regulation of the downstream sector of the oil industry to brace up to the deteriorating situation so as to save Nigerians from the lingering fuel crisis. They also urged government to repair existing refineries to enable them operate at full capacities, augment and bridge supplies through importation, and check hoarding of products.

  Honestly, the government needs to do more to normalize the situation. At the state level, the Rivers State Ministry of Energy and Natural Resources should live up to its mandate. The Petroleum Products Monitoring Task Force has been reportedly dissolved, but it needs to be reconstituted, reinvigorated, strengthened and empowered to prosecute law breakers and other offenders. The Department of Petroleum Resources (DPR) inspectors, monitoring teams and agents should intensify efforts at getting the various filling stations to play by the rules, even if it means shutting down and prosecuting filling station managers, pump attendants, and dealers who compromise.

  At the national level, the lead provided by the Petroleum Minister, Dr Rilwanu Lukman, two weeks ago, in a terse warning to the management of NNPC to address the problem of fuel scarcity in major cities in Nigeria or face sanctions has yielded positive result in Abuja. The queues that hitherto, permeated all filling stations in the Federal Capital Territory (FCT) suddenly disappeared, some few days after the warning. In Lagos, Port Harcourt, and elsewhere, the situation has yet to return to normalcy. This is why an integrated approach is required to address the ugly situation, and make it easy for Nigerians to enter the filling stations, get whatever products they want, and leave without much ado. It is a matter of mustering the political will to act. And the minister has already shown it. Others must follow suit. This is only when the long queues will disappear from the filling stations across Nigeria.

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Renewable Energy Investment Forum Begins Nov. 25

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Nigeria’s growing solar market will take centre stage as the Renewable Energy Forum Africa (REFA) 2026 holds in Lagos on November 25-26 with the backing of the Rural Electrification Agency (REA).

Organised by the Africa Solar Industry Association (AFSIA) and supported by SolarPower Europe, the forum would bring together investors, developers, regulators, utilities and policymakers at the Radisson Blu Anchorage Hotel, Victoria Island.

The agency said the forum would strengthen partnerships, attract investment and support Nigeria’s clean energy and local manufacturing ambitions.

REA Managing Director, Abba Abubakar Aliyu, is billed to deliver the keynote address at the opening plenary.

The forum would also examine local manufacturing following the launch of Nigeria’s first privately owned 100MW solar module assembly plant in Ibeju-Lekki, Lagos.
The event would also feature B2B meetings, an exhibition and the AFSIA Awards on November 25.
It would be noted that Nigeria is West Africa’s leading solar market, with about 618MWp operational capacity, ranking first in the region and eighth in Africa, according to AFSIA.

The country also leads the continent in mini-grid capacity with 132MWp, while its commercial and industrial (C&I) solar capacity stands at 385MWp.

The market is receiving fresh support through the $750m World Bank-backed Distributed Access through Renewable Energy Scale-up (DARES) programme, targeting 1,350 mini-grids and electricity access for 17.5 million Nigerians.

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CBN Appoints Eight New Pre-shipment Agents For Crude Oil And Gas Exports

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The Central Bank of Nigeria (CBN) has appointed eight pre-shipment inspection agents to monitor crude oil and gas exports, alongside two monitoring and evaluation agents to oversee their activities.
The appointments, announced in a notice signed by Aderinola Shonekan, Director of the CBN’s Trade and Exchange Department, took effect on October 2, 2026, under the Nigerian Export Supervision Scheme.
The notice directs authorised dealer banks, the Nigeria Customs Service, petroleum regulators, terminal operators and oil and gas companies to comply with the revised arrangements.
The CBN assigned the eight inspection agents to specific crude oil and gas export terminals as part of the revised framework.
The allocations are as follows:
Dakee Engineering and Construction Ltd.: LNG, Escravos (Gas), Bonny River Terminal (BRT) and EGTL.
Trexem Energy Services Limited: Egina, Qua-Iboe and Tulja. Geoscape Limited: Escravos, ERHA, Odudu and FSO Cawthorne.
617 Limited: Bonga, Brass, Usan and Eagle.Robinson International Energy Ltd.: Ugo-Cha, Penington, Aje, Ima, Oyo and Nembe. Trobell International Nigeria Limited: Forcados, Bonny and Okwori.
Integrated Shipping Services Nigeria Ltd.: Akpo, Antan, Okoro, Anyala-Madu and Ebok.
Kephren Business Ltd.: Ukpokiti, Utapate, Yoho, Abo, Agbami, Ajapa, Okono, Okwok and additional marginal streams designated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The CBN also appointed two monitoring and evaluation agents, the Q&Q Control Services Limited and the Arlington Securitas Nigeria Limited to oversee the inspection companies.
The Q&Q Control Services Ltd. would monitor 617 Limited, Trexem Energy Services Limited, Geoscape Limited and Kephren Business Ltd while the Arlington Securitas Nigeria Limited would monitor Dakee Engineering and Construction Ltd., Trobell International Nigeria Limited, Robinson International Energy Ltd. and Integrated Shipping Services Nigeria Ltd.
The latest appointments follow previous changes to the CBN’s monitoring arrangements for crude oil and gas exports.
The latest changes update the companies responsible for inspecting export cargoes and the terminals assigned to them. The notice requires the relevant institutions and operators to comply with the new allocations from October 2, 2026.
The appointments also come amid growth in Nigeria’s gas export earnings.
According to the CBN, Nigeria’s gas export earnings rose to $2.53 billion in the first quarter of 2026, reflecting stronger earnings from the country’s natural gas sector and contributing to its external trade position.
The revised inspection arrangements place designated agents in charge of specified export terminals, while the monitoring and evaluation companies oversee the inspection agents’ activities under the scheme.
Recall that in May 2024, the apex bank appointed 11 pre-shipment inspection and monitoring agents under the export supervision scheme.
The government subsequently reviewed the allocation of oil export terminals in March 2025, assigning additional terminals to nine inspection agents appointed under the scheme.
In July 2026, the CBN also appointed Candid Oil Services Limited as the pre-shipment inspection agent for the Taurus Oil and Gas Depot.
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What’s Next for Global Natural Gas Demand?

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The Iran war and the lack of LNG supply from the Middle East have upended forecasts of near-term natural gas demand and import costs.
So far this year, economies in Europe and Asia have relied more on renewables and coal for power generation to offset reduced gas supplies procured at very high prices.
This year’s crisis has prompted governments to rethink energy policies with energy security the top priority, again, after the 2022-2023 energy crisis.
After the decline in global gas demand this year, due to prices at four-year highs, the obvious question for gas market participants is where demand is going after the current crisis ends. Has the second gas crisis in four years permanently undermined expectations of long-term gas demand growth?
Gas cannot be replaced in many industrial processes, yet. Electricity-generating systems in major economies that have relied on gas for power cannot have a reliable electricity supply without gas.
Still, this year and over the past four years, key gas markets in Europe and Asia have seen the share of gas in their electricity mix decline.
The UK, the Netherlands, and Turkey, and major Asian economies China, Japan, and South Korea, have all seen the share of gas-fired electricity drop, according to data from think tank Ember cited by Reuters columnist Gavin Maguire.
The spike in natural gas prices has accelerated Europe’s renewables rollout, which took off in earnest earlier this decade when Russia invaded Ukraine in 2022 and cut off pipeline gas supply to most of Europe. The share of renewables has surged in the EU and the UK in recent years, gradually sidelining gas as the reliable backup fuel rather than the one meeting growing electricity demand.
Globally, “Gas is losing its share in the global power mix as renewables increasingly meet rising electricity demand,” Ember said in a report earlier this year. The analysis found that the share of gas in the global power mix declined for the fifth consecutive year in 2025, despite a small rise in absolute gas generation. Strong growth in clean power, led by solar and wind, met around 68% of global electricity demand growth over the five years to 2025, reducing the need for a significant rise in gas power generation
Related: Mexico’s Richest Man Sells $1.15 Billion in Oil Stocks
According to Ember, 61 out of 124 economies generating electricity from gas had passed their gas generation peak.
However, these countries accounted for around one-fifth of global gas-fired electricity generation in 2025. So the large gas-generating economies, albeit a smaller group, haven’t seen their peak in gas power generation.
The biggest emerging economies, China, India, and Brazil, have actually met their surging electricity demand without turning to gas, Ember noted.
China’s gas share remained close to 3% of the electricity mix in 2025 despite rapid demand growth, while gas power generation in India and Brazil plays a more limited balancing role, the think tank said.
“The economics and energy security case for electricity are increasingly moving in the same direction,” said Malgorzata Wiatros-Motyka, ?Senior Electricity Analyst at Ember.
“As renewables lower costs and reduce exposure to fuel price shocks and geopolitical disruptions, gas is steadily losing the advantages that once made it the default fuel for power system growth.”
The writing may have been on the wall for natural gas producers and exporters if natural gas was only used in power generation.
But natural gas key uses include as feedstock in industrial manufacturing, including cement and steel, as a chemical feedstock for fertilizer, or as the start of the supply chain of manufacturing plastics, paints, synthetic fabrics, and medicine, to name a few.
And then comes the biggest twist in energy and electricity demand forecasts in recent years—the AI boom. Data centers will drive a large part of the rise in global electricity demand, which has returned to growth even in the U.S. and Europe after a decade or so of flatlining. Renewable energy alone will not meet the surge in power demand, and gas will play a key role in America and in most of Asia, where many countries are positioning to become AI and data center hubs.
The biggest LNG producers, exporters, and traders see long-term gas demand growth intact despite this year’s supply shock that is reducing consumption amid spiking prices.
For example, Shell, the world’s biggest LNG trader, said in its annual LNG Outlook 2026 this summer that surging gas demand in South and Southeast Asia would push global LNG demand up by 65% by 2050 from 2025 levels, although growth this year has been stalled by the Strait of Hormuz crisis.
Shell sees global LNG demand increasing to nearly 700 million tons annually by 2050, up by around 65% from the 2025 levels of 422 million tons.
“The conflict created a system-wide shock with disruption cascading across all segments of the economy, but the LNG industry has proved resilient and able to adapt to changing market conditions,” Cederic Cremers, President of Integrated Gas at Shell, commented in the outlook.
“While more investment in both supply and demand infrastructure is needed, the long-term outlook remains strong and LNG will continue to be a stabilising force in the global energy system.”
The International Gas Union (IGU) said in its 2026 World LNG Report in July that “while LNG industry is not immune from the challenges of operating in an era of heightened geopolitical uncertainty, its unique ability to re-distribute large quantities of clean-burning energy from a broadening supply base only enhance LNG’s role as a ‘shock absorber’ to the global economy.”
By; Tsvetana Paraskova
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