Global LNG demand is expected to rise by 60% by 2040, driven by Asia’s economic growth, industrial decarbonization, and AI expansion, according to Shell’s LNG Outlook 2025. LNG trade grew modestly in 2024 due to limited new supply, but over 170 million tonnes of additional capacity is expected by 2030. China and India are expanding gas infrastructure, while Europe will rely on LNG to balance renewables and ensure energy security. The U.S. is set to dominate LNG exports, reaching 180 million tonnes annually by 2030. Market tightness in 2024 saw prices fluctuate, with Europe expected to boost LNG imports in 2025 to replenish gas storage.
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Source: Offshore Magazine
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