Shell plc came into 2022 at a gallop, with the No. 1 liquefied natural gas (LNG) trading and optimization portfolio righting itself and set for a big year ahead lifted by strong global commodity prices and improving demand.

Shell gas map

CEO Ben van Beurden and CFO Jessica Uhl discussed the quarter and full-year results with investors during a conference call Thursday. The balance sheet rocked, with solid results across the board, most notably in the Integrated Gas segment.

“I think recovery of oil and gas demand…is very much in evidence,” van Beurden said. Demand for gas in the Asia-Pacific region “is booming,” with a “12% rise in gas demand in China.” There’s also a “tremendous pull” for LNG in the region.

“Of course, many of these things have to do with the tail...