April 2021, Vol. 248, No. 4

Global News

Global News April 2021

Global LNG Demand Expected to Almost Double by 2040  Global liquefied natural gas (LNG) demand is expected to almost double to 700 mtpa by 2040, Royal Dutch Shell said in its annual LNG market outlook.  Demand was 360 million tons last year, up slightly from 2019’s 358 million tons, despite volatility caused by lockdowns during the coronavirus pandemic.  Global LNG prices hit a record low early in 2020 but reached record highs at the start of this year due to high winter demand, supply outages and infrastructure bottlenecks.  “While COVID-19 derailed expected forecasts ... the industry reacted swiftly to changing market conditions, diverting cargoes to shifting demand centers and throug

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