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Last Date: 17-Mar-2017

Shell launches first global LNG market outlook

THE HAGUE, NETHERLANDS: Global demand for liquefied natural gas (LNG) reached 265 million tonnes (mt) in 2016 – enough to supply power to around 500 million homes a year. This included an increase in net LNG imports of 17 mt.  Many expected a strong increase in new LNG supplies would outpace demand growth during 2016. Instead, demand growth kept pace with supply as greater than expected demand in Asia and the Middle East absorbed the increase in supply from Australia, according to Sh ...

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