World demand for liquefied natural gas jumps 50% by 2040: Shell

China dropping coal for cleaner gas will drive increasing demand for liquefied natural gas (LNG), according to Shell – Copyright AFP Richard A. Brooks

British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fuelled by China dumping coal.

“Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tonnes a year in 2040, according to the latest industry estimates,” Shell said in a report.

Global LNG demand would grow beyond that dat