LNG demand to grow at twice the rate of gas: Shell
China and India are two of the fastest growing global buyers of liquefied natural gas, says Shell's first LNG Outlook report. Demand for LNG hit 265m tonnes last year, enough to power up to 500m homes annually, the report said. Thirty five countries import LNG, up from 29 in 2015 and 10 in 2000 and demand is set to grow at twice the rate of gas demand, at 4%-5% a year between 2015 and 2030. From 2020 to 2030 most new LNG demand will be driven by: policy, floating storage regasification units, replacing declining domestic gas production, small scale LNG and transport.
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