Shell sees looming LNG supply gap

The gap between supply and demand will be larger and happen sooner than previously thought, the major says

Shell’s latest LNG Outlook predicts that a looming LNG supply-demand gap will occur sooner and be larger than previously forecast. The major expects Asia to lead demand growth for LNG over the coming year, as the US overtakes Qatar and Australia to become the world’s biggest exporter. “If you look at the forward curve, prices are pretty flat until the summer of 2023,” says Steve Hill, executive vice-president for LNG marketing at Shell. “So, the market is expecting these tight conditions to last for another year. The biggest uncertainty is over what happens next with Russia.” “The market is expecting these tight conditions to last for another year” Hill, Shell Shell expects the global LNG