Royal Dutch Shell’s new LNG outlook report projects that global liquefied natural gas demand will continue to rise in the years ahead – led by Asian growth – as Shell seeks to solidify its stake as the world’s LNG leader.
With natural gas continuing to replace coal as a cleaner-burning power source from the United States to China, Shell expects annual LNG demand worldwide to surge more than 30 percent from 292 million metric tons in 2017 to 384 million tons in 2020. Last year, demand grew by 27 million tons, or more than 9 percent, to 319 million, and this year demand should spike by another 11 percent or 35 million tons, Shell said.