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FT: Global LNG demand to double by 2040, Shell predicts

in London

Global demand for liquefied natural gas is expected to double to 700m tonnes by 2040 as energy consumption, particularly in Asia, rises and as the world shifts away from dirtier burning fuels, Royal Dutch Shell said on Thursday.

“The global LNG market continued to evolve in 2019, with demand increasing for LNG and natural gas in power and non-power sectors,” said Maarten Wetselaar, Shell’s head of gas and new energies. “Record supply investments will meet people’s growing need for the most flexible and cleanest-burning fossil fuel.”

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