LNG demand to soar by 2050, fueling Shell outlook and GTT order boom

Shell projects global demand for liquefied natural gas (LNG) to rise to almost 700 million tonnes per year by 2050 – about 65 % higher than 2025 levels. The surge is attributed to growing electricity consumption, declining domestic gas production in importing nations and the shift from coal to gas in Asian power generation. Disruptions on the Strait of Hormuz, where a large share of monthly LNG cargoes passes, are limiting supply and pushing prices higher for Asian buyers and Europe alike.

GTT, a specialist in membrane technology for cryogenic LNG tanks, reports a robust pipeline of new tanker and large‑scale storage projects. The company earns recurring licence fees from shipyards and terminal operators that adopt its membrane systems, which reduce boil‑off losses and improve safety. Rising LNG import‑capacity builds in many countries, together with expanding export‐linked liquefaction facilities, are driving these orders and underpinning the broader market outlook highlighted by Shell.