Global LNG demand may rise 65 percent
Shell expects global demand for liquefied natural gas (LNG) to increase by 65% by 2050, approaching 700 million tons annually over time. This growth will be driven by economic expansion in Asia and the region's reliance on gas as a cleaner alternative to coal. The company also noted that disruptions in the Strait of Hormuz have caused about one-fifth of the world's LNG supplies to be disrupted. However, the market has demonstrated significant resilience by expanding regasification facilities and increasing production capacities, helping to mitigate the impact of these disruptions and supporting the continued growth expected to begin around 2027.
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