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
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
