Shell Signs LNG Supply Deal with Enel Chile; Shares Rise 0.9% on Brent Surge
Shell has secured a new long-term LNG supply agreement with Enel Chile SA as part of a strategic gas optimisation initiative. Meanwhile, Brent crude topped $125 a barrel, lifting Shell shares 0.9% on escalating geopolitical tensions over a possible US-Iran conflict.
1. LNG Supply Agreement Details
Shell has entered into a long-term LNG supply contract with Enel Chile SA to optimise gas logistics and support mutual growth strategies in South America. This agreement positions Shell as a key partner in Chile's energy transition and strengthens its presence in regional gas markets.
2. Oil Price Surge and Share Impact
Brent crude oil prices surged past $125 per barrel amid fears of a US escalation in the Iran conflict, driving energy stocks higher. Shell shares climbed 0.9% as investors priced in tighter global supply and heightened geopolitical risk.