Shell expects liquefied natural gas demand to grow by up to 85% by 2050

LootboxPhobia · 2026-03-16T10:27:47+00:00

Shell expects global liquefied natural gas demand to grow between 45% and 85% from 2025 to 2050, and emphasizes the need for increased investment in the 2030s and 2040s to meet this demand. Asia will be the primary driver, with liquefied natural gas expected to account for more than 4% of global gas supply by 2040.

LootboxPhobia

2026-03-16 10:27:47

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Investing.com – Shell announced on Monday that global liquefied natural gas demand is expected to grow from 422 million tons per year in 2025 to between 610 million tons and 780 million tons per year by 2050.

The energy company stated that this represents an increase of approximately 45% to 85% over the 25-year period.

Shell said that even to meet the lower end of the liquefied natural gas demand forecast for 2050, further supply investments will be needed in the 2030s and 2040s.

The company noted that its existing liquefied natural gas plants and new development projects are positioned in the lower, more competitive part of the industry cost curve.

Shell indicated that the growth in liquefied natural gas demand by 2040 will be driven by Asia, which accounts for 70% of the increase.

The company stated that liquefied natural gas currently accounts for 14% of global natural gas supply, equivalent to just over 3% of primary energy supply. Shell expects this ratio to rise to over 4% by 2040 and to remain around that level through 2050.

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