Shell’s LNG Outlook Predicts Worldwide LNG Demand Up 60% by 2040

Shell, which dropped “Royal Dutch” from its name after leaving The Netherlands in 2022 due to high taxes and overregulation, is one of the world’s supermajors (oil and gas driller). Shell is also one of (perhaps THE) largest producers and vendors of LNG, or liquefied natural gas, worldwide. The company has just released its ninth annual LNG Outlook 2025 (full copy below), which highlights key trends in 2024 and hauls out the crystal ball to predict where things are heading over the next 15 years. Shell predicts that global demand for liquefied natural gas (LNG) is forecast to rise by around 60% by 2040, which is largely driven by economic growth in Asia, emissions reductions in heavy industry and transport, and the impact of artificial intelligence.

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