Shell forecasts global LNG demand rising to 700 million tonnes by 2050, a 65% increase from 2025 levels, with 180 million tonnes of new liquefaction capacity coming online by 2030. Disruptions through the Strait of Hormuz removed about 20% of monthly supply, pushing Asian spot prices above $20 per MMBtu.
Shell forecasts global LNG demand to rise to nearly 700 million tonnes per year by 2050, a 65% increase from 2025 levels. The company anticipates around 180 million tonnes per year of new liquefaction capacity coming online by 2030 to address this surge.
Shipping interruptions through the Strait of Hormuz temporarily removed approximately 20% of monthly global LNG supply, driving Asian spot prices above $20 per MMBtu. Increased output from North American facilities and stronger performance at existing plants have partially offset reduced Middle Eastern exports.
South and Southeast Asia are expected to account for roughly 40% of global LNG imports by 2050 as these regions shift from coal to lower‐emission energy sources. The outlook also forecasts a sevenfold increase in LNG bunkering demand to 27 million tonnes annually by 2035 and highlights Europe’s reliance on LNG amid declining domestic gas production.
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