A year ago, Shell said global demand for LNG was expected to rise to between 630 million and 718 million metric tons a year by 2040. On Monday, it narrowed the 2040 range to 650 mtpa and 710 mtpa and extended its forecast to 2050 at an expected range for LNG demand of 610 mtpa and 780 mtpa. Global gas consumption may peak in the 2030s and has peaked in some regions such as Europe and Japan, the oil major added. But global LNG demand is expected under most independent outlooks to continue to grow to 2040, if not beyond, Shell said. LNG will make up more than half of overall natural gas demand growth to 2040, with Asia making up 70% of that growth, it added.

Source: The Edge Markets March 16, 2026 10:55 UTC