Shell expects 60% rise in global LNG demand by 2040
1. Shell forecasts a 60% LNG demand growth by 2040. Economic growth in Asia and decarbonization drive this projection.
FAQ
Why Bullish?
Shell’s significant exposure in LNG positions it to benefit from increasing global demand. Historically, positive long-term demand forecasts (e.g., similar outlooks for BP) have led to improved investor sentiment.
How important is it?
The projected LNG demand surge directly impacts Shell's core business, enhancing its market prospects amid global energy transitions.
Why Long Term?
The forecast extending to 2040 implies strategic long-term advantages rather than immediate shifts, influencing future investment and operational decisions.