Global demand for liquefied natural gas (LNG) is expected to double to 700 million tonnes by 2040, with gas continuing to play a key role in a lower-carbon energy system, Royal Dutch Shell’s annual market outlook said on Thursday.
Global LNG demand grew by 12.5% to 359 million tonnes last year. Asia is expected to remain the dominant region in the decades to come, with South and South-East Asia generating more than half of the increased demand, the report said.
“The global LNG market continued to evolve in 2019, with demand increasing for LNG and natural gas in power and non-power sectors,” Maarten Wetselaar, integrated gas and new energies director at Shell, said.
