Global demand for liquefied natural gas is forecast to surge 60 per cent by 2040 due to faster economic growth in Asia and the race to decarbonise industry, Shell has said.
The energy major’s widely followed annual outlook on the super-chilled fuel is 10 percentage points higher than what was predicted last year for the same period, reflecting stronger demand from India and China.
“The global trade in LNG is set to rise significantly by 2040, driven by Asian economic growth, the need to decarbonise heavy industry and transport and the emerging growth in the energy-intense tech sector,” the company said.
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