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1、Shell LNG Outlook 2025Shell plcFebruary 20252Cautionary note The companies in which Shell plc directly and indirectly owns investments are separate legal entities.In this LNG Outlook“Shell”,“Shell Group”and“Group”are sometimes used for convenience where references are made to Shell plc and its subsi

2、diaries in general.Likewise,the words“we”,“us”and“our”are also used to refer to Shell plc and its subsidiaries in general or to those who work for them.These terms are also used where no useful purpose is served by identifying the particular entity or entities.Subsidiaries,“Shell subsidiaries”and“Sh

3、ell companies”as used in this Outlook refer to entities over which Shell plc either directly or indirectly has control.The term“joint venture”,“joint operations”,“joint arrangements”,and“associates”may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownershi

4、p interest with one or more parties.The term“Shell interest”is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement,after exclusion of all third-party interest.Forward-Looking Statements This LNG Outlook contain

5、s forward-looking statements(within the meaning of the U.S.Private Securities Litigation Reform Act of 1995)concerning the financial condition,results of operations and businesses of Shell.All statements other than statements of historical fact are,or may be deemed to be,forward-looking statements.F

6、orward-looking statements are statements of future expectations that are based on managements current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results,performance or events to differ materially from those expressed or implied in these