Shell Forecasts Two-Thirds Gas Market Growth by 2050

The global gas market is expected to experience significant growth by 2050, according to Cederic Cremers, President for Integrated Gas at Shell. Speaking at an industry forum, he stated that the company's liquefied natural gas sales are projected to increase by 4% to 5% annually between 2025 and 2030.

This growth projection is part of a broader trend in the gas market. Cremers noted that the world has lost around 36 million tons of LNG from the Middle East year-to-date, which may impact global supply and prices.