Shell intends to invest heavily in its “transition pillar” as part of plans to make the business green, pouring up to twice as much money into natural gas as into renewable energy.
The oil giant said that it would invest around 4 billion US dollars (£2.9 billion) every year to allow it to add another 7 million tonnes of liquid natural gas production to its capacity by 2025.
The company will also invest around 8 billion dollars in exploration of new oil and gas every year.
The plans were laid out in a “drive for net-zero emissions” which aims to ensure Shell is emissions neutral by the middle of the decade.