Asia will be the dominant consumer, while the U.S. will be the key supplier. In Europe, where L.N.G. has been a lifeline, the need will continue despite environmental concerns.
Shell knows that by pretending gas will be needed in the future, governments will support gas infrastructure, which turns it into a self for filling prophecy.
Anyway looking at the report, it seems rather odd to me. Gas demand in the EU is supposed to be stable, besides massive built up in renewable generation and even more importantly record heat pump sales, with laws phasing out gas boilers in multiple countries. Most EU countries already phased out coal electricity production and I doubt that will grow any day soon.
China is not going to be dependent on the US and Australia for LNG. They are not that dumb.
Japan and South Korea have falling populations so energy demand will shrink. Japan is restarting its nuclear power plants, which should reduce coal consumption a lot and lead to lower gas consumption.
Shell knows that by pretending gas will be needed in the future, governments will support gas infrastructure, which turns it into a self for filling prophecy.
Anyway looking at the report, it seems rather odd to me. Gas demand in the EU is supposed to be stable, besides massive built up in renewable generation and even more importantly record heat pump sales, with laws phasing out gas boilers in multiple countries. Most EU countries already phased out coal electricity production and I doubt that will grow any day soon.
China is not going to be dependent on the US and Australia for LNG. They are not that dumb.
Japan and South Korea have falling populations so energy demand will shrink. Japan is restarting its nuclear power plants, which should reduce coal consumption a lot and lead to lower gas consumption.