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Shell LNG Demand Growth Forecast

Sector: LNG

Source: Reuters

Project
Planned

Shell forecasts a 60% increase in global demand for liquefied natural gas (LNG) by 2040, driven by economic growth in Asia and efforts to reduce emissions in heavy industries and transportation. The report highlights the need for more gas for power generation, heating, and transport to meet development and decarbonization goals.

Status
Prospective
Sector
LNG, Power Generation (CCGT), Natural Gas
Updated
22 Jul 2026
Source
Reuters

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The project “Shell LNG Demand Growth Forecast” is an infrastructure initiative in the LNG sector. Taiyo aggregates data on it from Reuters.

Participants

Company

Status

Original status

Planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

Shell forecasts a 60% increase in global demand for liquefied natural gas (LNG) by 2040, driven by economic growth in Asia and efforts to reduce emissions in heavy industries and transportation. The report highlights the need for more gas for power generation, heating, and transport to meet development and decarbonization goals.

Original sector

Energy

Location

Not available for this record.

Source

Source

Reuters

URL

More Details

Record type

Project

Sector

LNG, Power Generation (CCGT), Natural Gas

Article published date

2025-03-01

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