Shell predicts LNG market tightening
The world’s largest LNG portfolio player sees a market rebalancing on the horizon
Global LNG is “clearly a well-supplied market”, but Shell believes that the market dynamics could shift again over the next few years. “We do not use the term oversupply—as all of the LNG being produced is being absorbed,” a spokesman for the firm tells Petroleum Economist. But Shell’s supply-demand analysis suggest that the LNG market is “more than three-quarters through the rapid supply growth” coming from liquefaction projects that were sanctioned between 2011 and 2015. “After this we expect to see little new supply coming in and inevitable tightening of the market.” Shell analysts see a similar difference between the short and medium-term outlooks for demand. During 2017 and 2018 Asian
Also in this section
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
14 January 2026
Leading economies in the region are using oil and gas revenues to fund mineral strategies and power hyperscale computing
14 January 2026
The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership
13 January 2026
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply
