Shell CEO Wael Sawan said on Tuesday in an CNBC interview that LNG is the biggest contribution Shell will make to the energy transition.

The oil and gas major which monitors the escalating situation between Israel and Iran, says the Israel-Iran crisis is of particular importance for the company’s leadership given the fact that Shell has a significant footprint in shipping.

According to the report, Shell CEO Wael Sawan described the conflict as “very concerning” for the region and the global energy security.

He reportedly said that the situation in the Middle East will remain at the top of the mind for the Shell’s major executives as it has a “significant footprint” in the region, both in terms of operated assets and also in shipping.

“Our biggest focus right now is the safety of our people and the region and making sure that assets are protected. Shell has a significant footprint both in terms of operated assets but also in shipping. How we navigate over the coming days or weeks this situation is of particular importance for myself and the leadership team,” the boss of Shell noted.

“We continue to monitor the escalating situation, and we continue to be confident about the safety of our people and the assets, and we are in close contact with governments across the regions in the places where we operate.”

Wael Sawan, the CEO of Shell, also discussed on Tuesday the impact of the Israel-Iran crisis on energy markets and explained the company’s energy transition efforts.

“We think that gas and LNG are going to be critical in the energy transition. The biggest contribution a company like Shell can make is through our LNG sales. We are the largest private player in the LNG in the world, and we continue to grow that.”

Meanwhile, TotalEnergies CEO Patrick Pouyanné joined CNBC’s JP Ong at the Energy Asia conference to discuss the impact of the Israel-Iran conflict on energy markets and the company’s Asia strategy.

TotalEnergies CEO said the company’s priority remains its regional employees. He also hoped that the oil infrastructure would be left unaffected, as it could become a “real problematic hit” to global markets.

“Any events which could affect oil and gas installations in the region would affect the global markets. Our first priority is the security of our people,” he said.

The TotalEnergies boss added that growth in the LNG demand will come from Asia.