Shell Sees 60% Jump in Global LNG Demand by 2040 ...Middle East

OILPRICE - Economy
Shell Sees 60% Jump in Global LNG Demand by 2040
source : OILPRICE ( Middle East ) () 44
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 led to only a 2% increase in global LNG trade, the lowest annual rise in 10 years. In 2024,…

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