Global LNG Demand to Reach 384 Million Tons by 2020, an Industrial Info Market Brief

Energy giant Shell predicts global liquefied natural gas (LNG) demand will be 384 million tons by 2020. The increase of 27 million tons of LNG demand is due to switching to greener fossil fuels and rising demand for energy by Asian countries. New long-term LNG contracts are spurring investment in LNG liquefaction and regasification facilities.

Industrial Info is tracking more than 1,700 LNG-related projects worth $894 billion globally. Click here for a list of projects and see graph below for investment by market region.