Royal Dutch Shell said on Tuesday it appointed Maarten Wetselaar Integrated Gas director.
In this new role, which will take effect from January 1st, 2016, Maarten will become a member of the executive committee of Shell, a company’s statement reveals.
According to Shell, Integrated Gas has generated $11 billion of cash flow per year average over the last three years, compared to $2 billion in 2009, mainly pushed by liquefied natural gas trading
The business is being established as a stand-alone organisation in Shell, reflecting both the scale and investment potential, shown through 2013 acquisition of Repsol LNG portfolio and the proposed $70 billion BG Group deal.
Wetselaar joined Shell in 1996 and is currently Executive VP of Integrated Gas. In his new role Maarten will be based in the Netherlands at Shell headquarters.
LNG World News Staff; Image: Shell