echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > Global LNG demand will reach 384 million tonnes in 2020

    Global LNG demand will reach 384 million tonnes in 2020

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    According to Shell, global LNG demand is expected to reach 384 million tonnes
    in 2020.

    The company on Monday unveiled its 2019 LNG outlook, forecasting an increasing
    number of supply and demand.
    Natural gas is gaining popularity for environmental reasons: when used to generate electricity, it emits 45 to 55 percent
    fewer greenhouse gas emissions than coal.

    It is therefore flexible to seasonal and short-term demand and compensates for the decline
    in renewable supply.
    Shell expects more than 70% of its energy needs to be covered
    by natural gas and renewables by 2035.

    Developing countries are slowly turning to this energy source to meet the goals of
    the Paris Agreement.
    China became the world's largest gas importer in 2018, doubling
    the amount of liquefied natural gas in just two years.
    The government's goal is to improve urban air quality, an effort in Beijing that has improved winter air by 78 percent
    in five years.
    Beijing reduced CO2 emissions by 176 million tons
    .

    Bangladesh, Panama and Gibraltar became LNG importers in 2018, replacing oil-fired power generation and meeting existing and new gas demand
    .
    Shell said 42 countries around the world currently import natural gas
    .
    It is expected to grow at a CAGR of 4%
    over the next 15 years.

    "We have seen LNG demand growth in Asia exceed expectations again in 2018 and we expect this strong growth to continue
    .
    Investment in new supply projects is increasing, but more will be needed soon," Maarten Wetselaar, director of Integrated Gas and New Energies, said
    in a press release.

    According to Shell, global LNG demand is expected to reach 384 million tonnes
    in 2020.

    liquefied natural gas

    The company on Monday unveiled its 2019 LNG outlook, forecasting an increasing
    number of supply and demand.
    Natural gas is gaining popularity for environmental reasons: when used to generate electricity, it emits 45 to 55 percent
    fewer greenhouse gas emissions than coal.

    It is therefore flexible to seasonal and short-term demand and compensates for the decline
    in renewable supply.
    Shell expects more than 70% of its energy needs to be covered
    by natural gas and renewables by 2035.

    Developing countries are slowly turning to this energy source to meet the goals of
    the Paris Agreement.
    China became the world's largest gas importer in 2018, doubling
    the amount of liquefied natural gas in just two years.
    The government's goal is to improve urban air quality, an effort in Beijing that has improved winter air by 78 percent
    in five years.
    Beijing reduced CO2 emissions by 176 million tons
    .

    Bangladesh, Panama and Gibraltar became LNG importers in 2018, replacing oil-fired power generation and meeting existing and new gas demand
    .
    Shell said 42 countries around the world currently import natural gas
    .
    It is expected to grow at a CAGR of 4%
    over the next 15 years.

    "We have seen LNG demand growth in Asia exceed expectations again in 2018 and we expect this strong growth to continue
    .
    Investment in new supply projects is increasing, but more will be needed soon," Maarten Wetselaar, director of Integrated Gas and New Energies, said
    in a press release.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.