Shell LNG Outlook 2019

Shell today released the latest annual LNG Outlook. The Shell LNG Outlook, now in its third year, highlights key LNG trends in 2018 and focuses on future global supply and demand.

Some topline findings from the Shell LNG Outlook.

• Shell expects demand to reach about 384 million tonnes in 2020.
• Global LNG supply is set to rise by 35 million tonnes in 2019.
• Ongoing efforts to improve urban air quality saw China’s imports of LNG surge by 16 million tonnes in 2018, up by 40% from 2017.
• Looking out to 2019, 35 million tonnes of additional LNG supply is expected. This supply growth is expected to be absorbed by both Europe and Asia.
• 2018 saw final investment decisions on 21 million tonnes of new capacity.
• Marine LNG also continues to grow strongly. There are currently 143 LNG fuelled ships in operation and 135 on order.
• Potential for a supply shortage developing in the mid-2020s, unless more LNG production project commitments are made soon.