Shell CEO Ben van Beurden said Tuesday, that natural gas demand...

Shell CEO Ben van Beurden said Tuesday, that natural gas demand will grow at twice the rate of total worldwide energy demand, in the coming years with demand for LNG alone to grow at 4% a year until 2030, van Beurden told the Oil and Money conference in London.
Shell, in its latest LNG outlook said the world risks a supply crunch for the fuel by the mid-2020s due to the collapse in LNG sector investment since the 2014 oil price slump.

Asia will play a more dominant role in driving LNG demand.
Imports of liquefied natural gas (LNG) will set a new record this year on the back of a robust 8.5% growth, according to new research published today.  Imports will expand at a steady rate during 2021-2027, before accelerating again. In 2030, total demand will reach 450MMtpa (million metric tons per annum).
Global LNG Outlook 2018, the latest forecast from Bloomberg NEF (BNEF), shows that LNG demand will be 308MMtpa this year, up from 284MMtpa in 2017. Half of the 24MMtpa of growth will come from China and the remainder largely from Japan, South Korea and India.
The report highlights that Asia will be the core growth region in the coming decade. “The region will add a total of 143MMtpa in 2017-30, accounting for 86% of the world’s total LNG demand growth in the period.” commented Maggie Kuang, head of Asia Pacific LNG analysis and lead author of the report.