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World LNG Demand Will Double by 2020, Shell’s Outen Says

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By Robert Tuttle

April 20 (Bloomberg) — World demand for liquefied natural gas will double by 2020, Guy Outen, executive vice president for exploration and production at Royal Dutch Shell Plc, said at a conference in Oran, Algeria.

European gas demand will increase 1 percent a year while local production will fall 2 percent annually. World gas demand will rise 25 percent to 4 trillion cubic meters a year by 2020 as electricity demand rises 75 percent in the period, he said.

To contact the reporter on this story: Robert Tuttle in Doha at [email protected]

To contact the editor responsible for this story: Rob Verdonck at [email protected]

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