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 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
