Global LNG demand projected to rise 60% by 2040

According to the Shell LNG Outlook 2025 report, global demand for liquefied natural gas (LNG) is expected to increase by approximately 60% by 2040. This growth is driven by the need for gas in electricity generation, heating, cooling, industry, and transport to meet decarbonization and development goals.

China and India are identified as primary drivers of this demand. China aims to connect 150 million people to the natural gas network by 2030, while India seeks to connect 30 million people. To meet these needs, the United States is projected to strengthen its position as the world's largest LNG exporter, potentially reaching 180 million tonnes annually by 2030, which would account for about one-third of the global supply. Qatar is also expected to be a significant contributor to the growing supply.