close

Asia seen driving 75% of LNG demand growth by 2040: Shell LNG outlook

Significant demand-supply gap seen opening in middle of current decade; China and India led LNG demand growth in 2020

Twesh Mishra New Delhi
Photo: Bloomberg
Premium

More than half of future LNG demand will come from countries with net-zero emissions targets, the outlook estimated. | Photo: Bloomberg

Asian countries are expected to drive most of the demand for Liquefied Natural Gas (LNG) by 2040 according to Shell’s LNG Outlook 2021.
“Overall, global LNG demand is estimated to hit 700 million tonnes by 2040. Asia is expected to drive nearly 75 per cent of this growth as domestic gas production declines and LNG substitutes higher emission energy sources, tackling air quality concerns and meeting emissions targets,” the outlook said.
Demand-supply gap anticipated
Or

Also Read

Harsh winter in key markets drives spot LNG prices in Asia to record levels

Global spot LNG prices have come back to affordable levels: Petronet LNG

IGX eyes 5% of total spot LNG and domestic gas trade on its exchange

India set to attract Rs 10,000 cr for 1,000 LNG stations in three years

ICE launches WIM LNG futures contracts, to reflect cargoes at Indian ports

Official, private digital currencies can coexist, say IMF experts

Centre wants to bring paradigm shift in agriculture sector: PM Modi

RBI's asset purchases did not dilute its balance sheet: Governor

Privatisation to unleash new opportunities, boost investment: India Inc

Budget 2021 marks directional change for Indian economy: FM Sitharaman

First Published: Feb 25 2021 | 7:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com