Shell Annual Outlook Says LNG Demand to Double by 2040

Royal Dutch Shell, one of the world’s supermajors (oil and gas driller), is, in fact, one of (perhaps THE) largest producer of LNG, or liquefied natural gas, in the world. The company has just released its fourth annual LNG Outlook 2020 (full copy below) which highlights key trends in 2019 and hauls out the crystal ball to predict where things are heading over the next 20 years. Shell says global demand for LNG is expected to double to 700 million tonnes by 2040. Why? Because natgas emits less carbon dioxide into the atmosphere than other alternatives.

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