Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth

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Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth - Business Standard

Quick Summary:

To meet rising demand, particularly in Asia, more than 170 million tonnes of new LNG supply is set to be available by 2030, said Shell.

Analysts expect that together with Qatar's massive North Field expansion project set to come online in 2026, the United States and Qatar could provide around 60 per cent of global LNG supply by 2035.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

Several LNG projects have seen delays over the past two years due to geopolitical tensions, regulatory hurdles, labour shortages and supply chain bottlenecks, delaying the availability of around 30 million tons of new LNG supply, the size of India's LNG imports, to 2028.