Shell plc

Already the largest liquefied natural gas (LNG) trader in the world, Shell is targeting LNG business growth of 20-30% by 2030 and holds an unprecedented long position, with over a billion tonnes of uncontracted LNG through to 2050. Shell has built an unprecedented LNG long position relative to its peers. It has the world’s largest uncontracted LNG volume, with over a billion tonnes to 2050 – making it more exposed than any other company to a softer LNG market

ACCR has engaged with Shell since 2021 on its climate change commitments and climate and energy-related policy advocacy. In 2025, alongside institutional investors, we co-filed a resolution asking the company to justify the assumptions behind its LNG growth strategy and explain whether this is consistent with the company’s climate commitments. More than 20% of shareholders supported the resolution.