Shell PLC LNG Outlook 2022 Presentation Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Just curious that you guys have been selling a number of marine fuel LNG cargoes. What have you seen in terms of pricing? Have you seen your customers willing to pay for that? Or is that largely still a service? And if that remains as a service, is that what you see as profitable for you guys to do?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Two quick follow-ups. One, I think, Steve, you guys mentioned that China is going to decarbonize and part of the LNG increases the reduction in coal. But in the short term, the Chinese government just have the marching order to boost their coal production as much as they could. And that how, if any, that will change your very short-term outlook for this year and next year related to the Chinese LNG growth? And secondly, that -- I think in your chart or presentation, you're talking about the LNG shipping. Just curious that -- I mean, in the past, I think the construction cost of an LNG ship is about 20%, 30% higher than the conventional ship. And so what is the cost defense of now? And also what is the incremental infrastructure core that you estimate the industry would need in order that to really make the LNG become a more vital or in the mainstream for shipping?