Shell Forecasts 60% Surge in LNG Demand by 2040

Global LNG market set for major expansion

Shell’s newly released LNG Outlook 2025 projects that global LNG demand will rise by up to 60% by 2040, reaching 630-718 million tonnes per year. This surge will be fueled by:

Asian Growth – China & India ramping up LNG infrastructure
Decarbonization – Heavy industry & transport shifting to cleaner fuels
AI Boom – Increased energy demands from data centers

LNG Supply & Market Trends
🔹 Tight supply until 2025 – Only 2 million tonnes added in 2024, the lowest in a decade
🔹 Massive expansion by 2030 – 170+ million tonnes of new LNG supply expected
🔹 Shipping & Transport Shift – LNG-powered vessels & trucks rising globally

Key Players in LNG Growth
USA & Qatar – Expected to dominate 60% of global supply
🇺🇸 USA – Poised to remain the world’s top LNG exporter, hitting 180 million tonnes annually by 2030
Shell’s Expansion – Boosting liquefaction capacity by 20-30% by 2030, with projects in Canada, Qatar, Nigeria, UAE & Argentina

With LNG playing a critical role in energy security and decarbonization, the market is set for a major transformation.