Global demand for liquefied natural gas (LNG) is expected to rise by 65 per cent by 2050, driven by growing energy needs, industrial expansion and the shift towards cleaner fuels, according to Shell’s LNG Outlook.
The company estimates annual LNG demand could reach 630-718 million tonnes by 2050, with Asia leading the growth. Shell said rising electricity demand, energy security concerns and efforts to reduce coal use will continue to boost LNG consumption.
The report also stressed the need for timely investments in production, export terminals and shipping infrastructure to meet future global demand and avoid supply shortages.