According to Shell's LNG Outlook 2026 report, what is the projected global LNG demand in 2050 and how does it compare to 2025 levels?

Shell's LNG Outlook 2026 report forecasts that global LNG demand will rise to nearly 700 million tonnes per year by 2050, representing an increase of approximately 65% compared to the 2025 level of 422 million tonnes. The report identifies LNG as a core pillar of the global energy system, underpinned by its role in delivering flexible and reliable energy security as countries prioritize gas and LNG supply.

What short-term disruption has affected global LNG supply, and what does Shell predict for trade volumes in 2026 and 2027?

The report states that the Middle East conflict has significantly impacted the LNG market, with the closure of the Strait of Hormuz cutting off about one-fifth of global LNG supply each month. Shell expects that if the strait resumes normal navigation this summer, global LNG trade volume in 2026 will remain flat relative to 2025’s 422 million tonnes, and growth will resume in 2027.

Shell Forecasts Global LNG Demand to Rise 65% by 2050

Jul 3, 2026

Shell's 2026 LNG Outlook Report forecasts global demand reaching nearly 700 million tons annually by 2050, a 65% increase from 2025 levels. Long-term growth is primarily driven by Asian markets seeking low-carbon fuel alternatives despite short-term supply disruptions.

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