Caixin
Feb 23, 2022 05:06 AM
WORLD

Global LNG Supply Will Fall 100 Million Tons Short by Mid-2020s

In 2021, China surpassed Japan to become the world’s largest LNG importer.
In 2021, China surpassed Japan to become the world’s largest LNG importer.

The gap between supply and demand for liquefied natural gas (LNG) will reach 100 million tons a year globally by the mid-2020s, reflecting increased demand and limited supply growth, global oil and gas giant Shell said Monday in its latest annual LNG outlook report.

Global trade in LNG expanded 6% in 2021 to 380 million tons as economies rebounded from the Covid-19 pandemic. Demand is expected to almost double to 700 million tons a year by 2040, Shell said in the report.

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