Global LNG demand to surge 50% – Shell ...News

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Global LNG demand to surge 50% – Shell
The coal-to-gas pivot by industrial consumers across Asia is gathering pace, according to the energy giant Global demand for liquefied natural gas will increase more than 50% in less than two decades, according to the LNG Outlook 2024 released this week by British energy giant Shell. A surge in demand by 2040 is expected due to economic growth projected for China, as well as for South Asian and Southeast Asian nations that are rapidly switching from coal to gas in their industrial sectors. Last year, global trade in the super-chilled fuel amounted to 404 million tons, up from the 397 million tons recorded in 2022,

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