The Shell LNG Outlook, now in its second year, highlights key trends in 2017 and focuses on future global supply and demand.

It finds that, since the start of the century, the number of countries importing LNG has quadrupled, while the number of countries supplying LNG has almost doubled. LNG trade increased from 100 million tonnes in 2000 to nearly 300 million tonnes in 2017. 

The mismatch in requirements between buyers and suppliers is growing. Most suppliers still seek long-term LNG sales to secure financing. But LNG buyers increasingly want shorter, smaller and more flexible contracts so they can better compete in their own downstream power and gas markets. 

This mismatch needs to be resolved to enable LNG project developers to make final investment decisions that are needed to ensure there is enough future supply of this cleaner-burning fuel for the world economy.

Strong LNG fundamentals exceeded expectations in 2017

Strong LNG fundamentals exceeded expectations in 2017: LNG trade reached 293 million tonnes – Enough to power 575 million homes, LNG imports grew by 29 million tonnes - 30% more than expected, China becomes world’s second largest LNG importer, Australia, US and Africa dominated increase in LNG exports, 1100 Spot cargoes delivered - 17 % increase over last year

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