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

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.