Global liquefied natural gas demand is forecast to surge 50 per cent by 2040 as the world transitions to cleaner fuel, Shell said in its latest annual LNG outlook.
Demand for natural gas globally will then peak after 2040, although appetite for LNG will continue growing as China and developing Asian nations switch from dirtier coal to the comparatively cleaner fuel.
The growth forecast is slightly lower than predictions last year, but energy majors still expect a strong rise in LNG demand as the world’s economies target net zero carbon emissions by 2050.
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