Shell expects 60% rise in global LNG demand by 2040

Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation,
Global LNG demand to climb 60% by 2040, Shell says
The oil company cited strong interest in Asia for the supercooled gas as Sempra outlined plans to export gas from Texas.
LNG demand to jump 60% by 2040, Shell forecasts
Global demand in LNG will increase to 630mn-718mn tonnes by 2040, from 407mn tonnes last year, Shell said. Last year’s outlook pegged the demand at 625mn-685mn tonnes. More than 170mn tonnes of new LNG supply is expected to come online by 2030 to meet the rising demand, Shell added.
LNG fuel demand set to jump to over 16 mtpa by 2030, says Shell
The company detailed that China shipped in 79m tonnes of LNG in 2024, as it cashed in on lower prices, while India imported a record 27m tonnes, up 20% on 2023’s figure to help meet stronger power demand in the hotter summer conditions.
LNG demand will be squeezed by Asia
The market saw significant volatility in 2024. Spot LNG prices fell to their lowest levels since early 2022 before rebounding mid-year due to project delays. Asia drove demand, with China importing 79 million tonnes and India’s imports rising 20% to 27 million tonnes as it battled extreme heat.
Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia,
Global LNG demand to jump 60% by 2040, Shell forecasts
Global demand for liquefied natural gas is forecast to rise by 60% by 2040, driven largely by economic growth in Asia, the impact of artificial intelligence, and efforts to cut emissions in heavy industries and transportation,
Shell: Global LNG demand set to rise 60% by 2040
Industry forecasts now anticipate LNG demand to reach 630-718 million tons/year by 2040, reflecting an upward revision from previous estimates.
Shell Expects 60% Rise in Global LNG Demand by 2040
LONDON/SINGAPORE (Reuters) - Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday.
Shell Sees 60% Jump in Global LNG Demand by 2040
Global LNG demand is projected to surge by 60% through 2040, primarily driven by Asia's economic growth, industrial decarbonization, and the increasing power demands of artificial intelligence.
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