Gas Processing News

Shell says more LNG is needed to satisfy future demand In its annual LNG outlook, Shell announced that additional LNG supplies will be needed to satisfy increasing natural gas demand, especially for Asia. According to the report, global LNG trade increased 6% in 2021 to 380 MMt. The U.S. led in LNG export market growth, increasing trade by 24 MMtpy year-over-year. On the demand side, China and South Korea increased LNG imports the most in 2021—China boosted LNG imports by 12 MMt in 2021 to nearly 80 MMt. Shell forecasts that global LNG demand will nearly double to 700 MMtpy by 2040. Sempra signs deal for Mexican LNG projects Sempra Energy’s subsidiary, Sempra Infrastructure,