Fight against pollution to lift LNG demand, says Shell
Company expects global liquefied natural gas trade to rise 11% in 2018 as China increases consumption in fight against carbon emissions
London — Global liquefied natural gas (LNG) trade is set to rise 11% this year as China leads a global drive to reduce pollution and tackle carbon emissions, Royal Dutch Shell says in an annual LNG report. Shell’s forecasts, which see LNG demand rising to 354-million tons this year and to 384-million tons in 2020, reflect a burgeoning industry with new production facilities opening in Australia, the US and Russia and more countries becoming importers by constructing receiving terminals. Shell, the world’s largest buyer and seller of LNG as well as a major producer, said that China is set to double its LNG consumption by 2035 after it accounted for over half of the growth in traded volumes last year.
Natural gas is expected to be the fastest-growing source of energy in the coming decades, displacing coal in power plants and heavy industries. LNG, for which natural gas is chilled to minus 160°C, allows transportation of the fuel from gas fields to demand centres. The transition ...