Shell Sees LNG Demand Nearly Doubling By 2040

By OilPrice.comabout 2 months ago

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Global demand for liquefied natural gas (LNG) is set to nearly double from 360 million tons last year to 700 million tons by 2040, thanks to continued solid demand from Asia and a rise in gas use for powering hard-to-electrify sectors, Shell said in its annual LNG Outlook 2021 published on Thursday. Last year, despite the coronavirus pandemic, world LNG demand grew slightly to 360 million tons from 358 million tons in 2019, Shell said. “LNG provided flexible energy which the world needed during the COVID-19 pandemic, demonstrating its resilience…

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