LNG demand to rise at least 54% by 2040: Shell

LONDON: Global demand for liquefied natural gas (LNG) is estimated to rise by 54-68 per cent by 2040 and 45-85 per cent by 2050 from 422 million metric tonnes in 2025, boosted by growing Asian appetite for the fuel, Shell, the world’s biggest LNG trader, said on Monday.

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The LNG tanker 'PERU TOSCANA' is seen in the port of Livorno, Italy, on March 15, 2024.

(AP)

Shell said LBG demand was expected to rise to between 630m and 718m metric tonnes a year by 2040.

A year ago, Shell said global demand for LNG was expected to rise to between 630 million and 718 million metric tonnes a year by 2040.