Global demand for liquefied natural gas is set to increase by more than 50% by 2040 as China and other Asian economies shift away from more polluting coal, according to a new report from Shell.
In Shell's 2024 LNG forecast, the Anglo-Dutch oil major said that growing demand for natural gas in Asia will increase demand for LNG, offsetting falling demand in regions where gas consumption has already peaked, such as in Europe and Australia. And Japan.
this…
Take control of your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. At any time.
subscribe now
Are you already a subscriber? sign in
