Editor’s Picks 09 April 2015 at 14:50 GMT

Shell's betting big on LNG

Bloomberg view
Look beyond the $70 billion headline-grabbing sum that Shell will fork out on the UK's BG Group and the landscape becomes pretty clear: this is a punt on liquefied natural gas. The relatively clean burning fuel looks almost certain to come to occupy a significant part of the global market but the real benefit will be its eventual harmonising of the global oil market as pipe networks gradually give way to the more fluid transportation mode of shipping. The outcome should be a more efficient global market adept at getting energy from source to market and one that is also less open to political manipulation. It's an astute move by Shell and, say the Bloomberg editors, a watershed moment in the development of a more mature LNG industry.
Read full article at Bloomberg view

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