Shell forecasts LNG global demand to double by 2040

https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng/lng-outlook-2021.html#iframe=L3dlYmFwcHMvTE5HX091dGxvb2svMjAyMS8


https://oilprice.com/Energy/Natural-Gas/Shell-Sees-LNG-Demand-Nearly-Doubling-By-2040.html

https://www.power-eng.com/gas/lng-global-demand-doubling-to-700m-tons-by-2040-shell-energy-report-forecasts/#gref


Extracts from these links above:

"LNG and natural gas will play a key role in delivering the energy the world will need to meet net-zero emission targets"

"Global LNG demand sustained a close to 360 million metric tons annually in 2020"

"Overall, global LNG demand is estimated to hit 700 million tons by 2040, reads the Royal Dutch Shell press release"

"As demand grows, a supply-demand gap is expected to open in the middle of the current decade with less new production coming on-stream than previously projected,” the Royal Dutch Shell report reads. “Just 3 million tons in new LNG production capacity was announced in 2020, down from an expected 60 million tons."

With Renergen phase 2 expected to be online about 2023 into a market globally where demand is expected to exceed supply of LNG this reads very bullish for RLT in my opinion