Shell: Global LNG Demand to Surge 65% by 2050

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Shell forecasts a 65% surge in global LNG demand by 2050 driven primarily by South and Southeast Asia's increasing energy needs. The annual LNG report highlights the impact of the Middle East conflict on supply disruption and LNG pricing.

Surging gas demand in South and Southeast Asia will push global LNG demand up by 65% by 2050 from 2025 levels, although growth this year has been stalled by the Strait of Hormuz crisis, Shell, the world’s biggest LNG trader, said in its annual LNG Outlook 2026 published on Tuesday. Last year, 422 million tons of LNG were traded globally. Expectations early this year, including by Shell, were that trade will jump in 2026. However, the Middle East conflict that shut in a fifth of the world’s monthly LNG supply pushed up spot LNG prices…