Global LNG supply poised to rise 35 millio­n tonnes this yearISLAMABAD: A strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) consumption in 2018 with global demand rising 27 million tonnes to 319 million tonnes, according to Shell’s latest annual LNG Outlook. Global LNG supply is set to rise 35 million tonnes in 2019 and Europe and Asia are expected to absorb all this additional supply, says the LNG Outlook. Ongoing efforts to improve urban air quality saw China’s imports of LNG surge 16 million tonnes in 2018, up 40% from 2017. “We saw Asian LNG demand growth exceed expectations again in 2018 and we expect this strong growth to continue. LNG trade increased from 100 million tonnes in 2000 to 319 million tonnes in 2018.

Source: The Express Tribune February 26, 2019 03:45 UTC