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Shell Expects Global LNG Demand to Climb 65% by 2050

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Shell (SHEL.L, SHELL.AS) said Tuesday global liquefied natural gas demand is expected to rise 65% from 2025 levels to almost 700 million tonnes a year by 2050, driven by energy security needs.

In its LNG Outlook 2026 report, the British oil giant said disruptions to shipping through the Strait of Hormuz have shut in about one-fifth of the monthly global LNG supply since the US-Iran conflict began, but added that trade could be similar to the previous year's level if shipping normalizes in summer 2026.

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