The gas market has faced a “perfect storm” of cold weather, supply concerns and increased demand but it will stabilise eventually, an executive at Royal Dutch Shell said on Tuesday.
“This turbulence will pass, it might take a while but the market will stabilise at sensible levels,” De la Rey Venter, executive vice president at LNG West that handles Shell’s natural gas assets in Canada, Europe Africa and Latin America, told a virtual conference.
Source: Reuters (Reporting by Marwa Rashad; Editing by Edmund Blair)