Reuters are reporting that, according to an annual LNG report by Royal Dutch Shell, global LNG trade will experience an increase of 11% to 354 million t this year.
Shell’s report states that trade had risen in 2018 by 27 million t, and that 16 million t of this figure was accounted for by Chinese demand growth.
Looking to the future, Shell forecasts LNG demand increasing to 384 million t in 2020. This forecast takes into account the new production facilities being brought online in Australia, the US and Russia, in addition to the increasing number of countries becoming LNG importers and building LNG receiving terminals.