Global LNG Demand Seen Climbing 54–68% by 2040, Boosting LNG Shipments
Shell projects global LNG demand to increase 54-68% to roughly 650-710 MMT by 2040 and 45-85% to 610-780 MMT by 2050 from 422 MMT in 2025, potentially boosting shipping volumes for LNG carriers such as GTLL. Other items on biotech, power utilities and medical implants bear minimal relevance to GTLL’s operations.
1. LNG Demand Forecast And GTLL Implications
Shell’s forecast for a 54–68% rise in global LNG demand by 2040 and up to 85% by 2050 from 422 MMT in 2025 suggests a significant increase in cargo volumes. GTLL, as an LNG carrier, stands to benefit through higher utilization and potential rate improvements, aligning fleet deployment with growing demand projections.
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Sources
PRSP