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Home Investment

Shell’s clear aspirations

Fiinews by Fiinews
September 12, 2016
in Investment
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Shell’s clear aspirations

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Shell’s latest station in Bengaluru.

Global energy giant Shell Oil has “clear aspirations” to expand its operations in India as the country’s energy sector expands, the company’s President Bruce Culpepper has said.

“By 2050 world energy demand is projected to double, most of that growth will come from developing countries like India as its per person energy use is expected to increase more than 550 during that time frame,” Press Trust of India quoted Culpepper as saying.

“About two-thirds of the India’s electricity generation is currently coal based. One of the best ways to provide more energy with fewer emissions is to move from coal fired to gas fired power plants,” he said in his keynote address at an event hosted by Indo-American Chamber of Commerce of Greater Houston (IACCGH) here on September 9, 2016.

“This is one area where Shell can be part of the solution as we are now world’s largest integrated gas player, with unmatched capabilities to produce or acquire natural gas, liquify it, load it to a specialised tanker and ship it where needed”, the Shell president said.

“The environment in which we work is changing rapidly, thus creating considerable opportunity.

These opportunities exist for the people and economies of Houston and India, fostered by the efforts of the (IACCGH) that has been building bridges between the two countries for last over two decades,he said.

Due to its technical talent and growth, Shell wants to continue to be a trusted partner with the Indian government and the people of India by providing energy solutions.

“Shell is the only global oil company with a license to build a network of up to 2000 retail fuel stations”, he said.

The latest development takes Shell’s total operational fuel stations in India to 83 with the opening of the Uttarahalli station in Bengaluru.

Shell is currently present across the six key states of Gujarat, Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh & Assam and prides itself in offering international quality fuels, exact quantity and friendly customer service at each of its outlets. fii-news.com

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