Shell expects the global LNG market to remain tight
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
Also in this section
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
