LNG demand to jump 60% by 2040, Shell forecasts

The Globe & Mail

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Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth

Demand for natural gas continues to rise globally as the world transitions to cleaner fuels

n-tv.de

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At present, the German LNG terminals are only slightly used. Despite this, the British oil company Shell predicts a remarkable increase in demand for liquefied petroleum gas. However, geopolitical tensions could slow down growth.

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Shell Sees 60% Jump in Global LNG Demand by 2040

Global LNG demand is set to surge by 60% through 2040, pushed up by Asia’s economic growth, the world’s biggest LNG trader, Shell, said in its annual LNG report on Tuesday. The other key drivers of LNG consumption growth will be the push for emissions reductions in heavy industry and transport, as well as the impact of artificial intelligence (AI) on power demand, according to the UK-based supermajor. Last year, a lack of major new LNG supply le…

Financial Times

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LNG demand to jump 60% by 2040, Shell forecasts

Faster economic growth in Asia and decarbonisation efforts expected to boost demand

oilandgasmagazine.com.mx

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The global demand for LNG could reach up to 718 million tons by 2040, driven by Asia and the energy transition, with the United States and Qatar as the main suppliers. The liquefied natural gas (LNG) market faces a key transformation, with demand forecasts ranging from 630 to 718 million tons per year by 2040, exceeding previous expectations. This growth will be driven by China, India and Europe, where LNG is key to the energy transition. In 202…

offshore-technology.com

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Shell forecasts global LNG demand to increase by 60% by 2040

Global demand for liquefied natural gas (LNG) is projected to rise by approximately 60% by 2040, primarily fuelled by economic expansion in Asia, according to Shell's LNG Outlook 2025 report.