Strait of Hormuz: Inside the response to a global energy crisis

Liquefied natural gas (LNG) provides energy security to many countries around the world. But what is the impact of the conflict in the Middle East, and does it change the outlook for the LNG market in the decades ahead? In this episode of The Energy Podcast, Shell's President of Integrated Gas, Cederic Cremers, and Executive Vice President LNG Marketing and Trading, Tom Summers, discuss how the LNG market responded to the disruption in the Strait of Hormuz, which affected around one-fifth of global LNG trade. The episode examines what the disruption revealed about energy security, supply diversification and global demand for LNG. It also looks at the role of LNG in power generation, industry and transport today and in the future. LNG Outlook 2026: https://www.shell.com/what-we-do/oil-and-natural-gas/liquefied-natural-gas-lng/lng-outlook-2026.html  LNG: https://www.shell.com/what-we-do/oil-and-natural-gas/liquefied-natural-gas-lng.html  Additional context: when speakers refer to Shell's reduction of methane emissions, they are referring to a 78% reduction in total methane emissions from assets under Shell operational control, from 138,000 tonnes in 2016 to 31,000 tonnes in 2025. Based on the data published in Shell plc's Annual Report and Accounts for the year ended December 31, 2025. The information reflects Shell's position as reported at that date and may not represent current performance, achievements or progress.  References to LNG as a lower-carbon alternative are application-specific, such as replacing coal in industry and power generation and oil in heavy-duty road transport and shipping, and are not intended as absolute comparisons across all applications and circumstances. Methane emissions: https://www.shell.com/what-we-do/oil-and-natural-gas/methane-emissions.html  About The Energy Podcast: https://www.shell.com/news-and-insights/the-energy-podcast.html  Cautionary note: https://www.shell.com/investors/disclaimer-and-cautionary-note.html See omnystudio.com/listener for privacy information.

What happens when a global energy chokepoint closes? In this episode of The Energy Podcast, we go inside Shell's response to the closure of the Strait of Hormuz, a disruption that put around a fifth of global oil and LNG supplies at risk. Drawing on first-hand experience, Shell's Chief of Staff Tony Nunan and Executive Vice President Shipping and Maritime Karrie Trauth reflect on navigating uncertainty, supporting ships and crews affected by the crisis, and working with governments, partners and customers to help keep energy flowing safely. From difficult decisions to the complexity of global shipping networks, this is a behind-the-scenes look at navigating a crisis when the world's energy system is under strain. About The Energy Podcast: https://www.shell.com/news-and-insights/the-energy-podcast.html Cautionary note: https://www.shell.com/investors/disclaimer-and-cautionary-note.htmlSee omnystudio.com/listener for privacy information.

What is the ongoing disruption to global energy supplies revealing about the energy system? In this first episode of a new season of The Energy Podcast, we step back from the headlines to examine how the system is responding to the shocks prompted by the Middle East conflict, and what it could mean for the energy transition. With insights from Shell’s Chief Energy Adviser Peter Wood, Chief Economist Mallika Ishwaran, and Chief Climate Change Adviser David Hone, the discussion explores the resilience of global supply, the shifting balance between energy security, affordability and sustainability, and why the energy transition remains complex, uneven and long term. About The Energy Podcast: https://www.shell.com/news-and-insights/the-energy-podcast.html https://www.shell.com/news-and-insights/the-energy-podcast.html More on Shell Scenarios: https://www.shell.com/news-and-insights/scenarios.html Cautionary note: https://www.shell.com/investors/disclaimer-and-cautionary-note.htmlSee omnystudio.com/listener for privacy information.

In the season finale of The Energy Podcast, Shell’s CEO Wael Sawan reflects on a year of significant change globally. He discusses navigating through uncertainty, accelerating the energy transition, and embracing AI. He also shares how Shell is transforming into a fitter, more competitive company – one better equipped to navigate whatever lies ahead. Tune in for insights into the energy system, the outlook for liquefied natural gas (LNG), and leadership through times of change. Learn more about The Energy Podcast The Energy Podcast is a Starstruck Media production for Shell.   Episode references References to $20-22 billion of capital or investment per year refer to Shell's cash capital expenditure of $20-22 billion per year between 2025-2028. References to distributions of 40-50% of our cash flow from operations (CFFO) refers to Shell's shareholder distributions target of 40-50% of CFFO through the cycle. For more on the reference to $20 billion of capital Shell has employed in power as well as lower-carbon businesses, see Shell's Capital Markets Day 2025 presentation: Delivering more value, with less emissions For more information on Shell’s energy transition targets and ambition, visit Climate | Shell Global In 2024, 78.2% of Shell's global investments included oil & gas, 11.37% included low-carbon energy solutions and 10.43% non-energy products. Shell's target is to become a net-zero emissions (NZE) business by 2050. Cautionary note, including NZE target:  Cautionary note | Shell GlobalSee omnystudio.com/listener for privacy information.

Oil is the source of about 30% of the world's energy today. It’s also the basis of ingredients in many everyday products - from your phone to clothes to medicines. Featuring Shell's President of Upstream, Peter Costello, this episode of The Energy Podcast explores the evolving role of oil in the energy mix. Peter discusses the future of oil in the energy transition, the impact of growing energy demand, and the need to continue investing in production that’s cost- and carbon-competitive to help provide the energy the world needs today.  Learn about Shell’s oil and gas activities Learn more about The Energy Podcast Cautionary note   The Energy Podcast is a Starstruck Media production for Shell.See omnystudio.com/listener for privacy information.

How does the energy that powers lives move across the globe? In this episode, The Energy Podcast sets a course for the world of shipping with Karrie Trauth, Executive Vice President for Shipping and Maritime at Shell. She explains shipping’s vital, non-stop role as the backbone of today’s global energy system, connecting supply with demand across continents. Discover how much of global trade and energy are moved by sea, the challenges of keeping energy supplies flowing, and how the shipping industry is tackling decarbonisation. Learn more about The Energy Podcast Cautionary note For more on green corridors, click here. The Energy Podcast is a Starstruck Media production for Shell.See omnystudio.com/listener for privacy information.

In this bonus episode of The Energy Podcast, host Eddie is joined by Valeria Loreti, Principal Scientist and Delivery Manager in Motorsports at Shell, to explore the future of sustainable racing fuels for Formula 1 team Scuderia Ferrari HP. Starting in 2026, all Formula 1 cars will need to run on fuel made from advanced sustainable components – including advanced biofuels derived from non-food biomass or household waste, and renewable fuels of non-biological origin – as part of the sport’s plan to reach net-zero emissions by 2030. A key member of the Shell team developing Scuderia Ferrari HP’s bespoke fuel for 2026, Valeria shares exclusive insights into the science and cutting-edge tools behind fuel development, what happens trackside on an F1 race weekend, and the 75 years of partnership with Ferrari – one of the most iconic collaborations in motorsport. Whether you're a motorsports fan, a tech enthusiast, or curious about the future of racing, this episode is for you. Learn more about The Energy Podcast  Cautionary note  The Energy Podcast is a Starstruck Media production for Shell. See omnystudio.com/listener for privacy information.

The Energy Podcast explores the complex path to decarbonising road transport. From adoption of electric vehicles and biofuels to policy, infrastructure and consumer behaviour, this episode unpacks the challenges of reducing emissions of road travel and what it’ll take to progress further. We are joined by Patrick Carré, a Senior Vice President for Mobility and Convenience at Shell, and Dr. Thomas Becker, Vice President for Government Affairs and Sustainability at BMW Group. Whether you're a car enthusiast, energy professional or just curious about the future of road transport, this episode offers timely insights into what it really takes to drive change. Learn more about The Energy Podcast Cautionary note The Energy Podcast is a Starstruck Media production for Shell.See omnystudio.com/listener for privacy information.

Carbon capture and storage (CCS) offers a way to help reduce industrial emissions at scale, particularly in sectors that are hard to decarbonise. In this episode, The Energy Podcast zooms in on Northern Lights, the world’s first commercial CO2 transport and storage service, which started operations on August 25, 2025. Lise Winther from global crop nutrition company Yara – a customer of the Northern Lights project in Norway – joins to discuss how the technology works, why government support has been critical, and what it takes to build confidence in long-term carbon storage infrastructure. The views from individuals not affiliated with Shell are their own and not those of Shell plc or its affiliates. Learn more about The Energy Podcast  Read more about CCS Cautionary note  The Energy Podcast is a Starstruck Media production for Shell.See omnystudio.com/listener for privacy information.

Climate scientists, governments and organisations, including the Intergovernmental Panel on Climate Change and International Energy Agency, recognise that the world needs carbon capture and storage (CCS) technology if society is to achieve net-zero emissions. In this episode, hosts Bryony and Eddie are joined by Shell’s Vice-president for CCS, Bernhard Koudelka, to discuss the role of this combination of technologies in decarbonising heavy industry, and – as the world’s first project to offer commercial CCS as a service prepares to start up – the challenges of scaling the industry to the level the world needs. Whether you’re new to CCS or looking for a deeper understanding of its role in the energy transition, this episode offers expert insight and real-world examples. What are negative emissions? Practices or technologies that remove carbon dioxide from the atmosphere are often described as achieving negative emissions. Learn more about The Energy Podcast Read more about CCS Cautionary note The Energy Podcast is a Starstruck Media production for Shell.See omnystudio.com/listener for privacy information.