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
18 November 2025
The oil powerhouse will not just join the top five crude exporters in the coming years, it may be a model for how petrostates balance growth, policy and sustainability
18 November 2025
In the second of this two-part series, we look at Shell’s refocusing on returns and the speculation surrounding a potential takeover of BP
18 November 2025
For the first time in its illustrious history, the WPC Energy Congress will convene in Saudi Arabia, bringing together leaders, innovators, and changemakers to chart “Pathways to an Energy Future for All.”
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
