Global LNG consumption to increase by 50%, Shell forecasts

Global demand for liquefied natural gas is on course to increase by more than 50% by 2040 as China and other Asian economies switch from more heavily polluting coal, according to a new report from Shell.

In Shell’s LNG Outlook 2024, the Anglo-Dutch oil major said surging demand for natural gas in Asia will drive up demand for LNG, and offset falling demand in regions where gas consumption has already peaked, such as in Europe, Australia, and Japan. 

This…