Shell Sees LNG Demand Growing Despite Iran War Volatility

Shell Plc sees long-term global demand for liquefied natural gas continuing to grow because of its flexibility and reliability, even as the conflict in the Middle East brings volatility to prices.

The company expects consumption for the fuel to surge by at least 45% by 2050 from 2025 levels, it said Monday. It expects demand to range between 610 million to 780 million annually by mid-century.