Rising LNG Demand to Drive Global 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. China and India are increasing LNG import capacity and gas related infrastructure to meet rising demand, while the US and Qatar will dominate LNG supply by 2035. Shell expects that more than 170 million tonnes of new LNG supply is set to be available by 2030.
- The surge in global LNG demand reflects a broader shift towards cleaner fuels as the world transitions to lower-carbon energy sources, with far-reaching implications for the energy sector and the environment.
- Will the increasing reliance on LNG also lead to concerns about the carbon intensity of these energy sources, or can technological advancements mitigate their environmental impact?