Beijing: Driven by China’s industrial decarbonisation, the global liquefied natural gas (LNG) market will continue to grow into the 2040s, according to a new report.
As industrial coal-to-gas switching gathers pace in China, amid its modest economic recovery, global demand for LNG is estimated to rise by more than 50% by 2040, according to Shell’s LNG Outlook 2024 report.
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