Global LNG demand to double by 2040: Royal Dutch Shell

MUMBAI : As the world focuses on shifting away from dirtier burning fuels to natural gas, global demand for liquefied natural gas (LNG) is expected to double to 700 million tonnes by 2040, Royal Dutch Shell said Thursday in its annual LNG Outlook.

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 global LNG market continued to evolve in 2019 with demand increasing for LNG and natural gas in power and non-power sectors,” said Maarten Wetselaar, Integrated Gas and New Energies Director at Shell.