IEA Forecasts Gas Market Growth of Two-Thirds by 2050 - Sarmad

Cedric de Greve, head of Integrated Gas at Shell, has forecast that the global natural gas market will grow by approximately two-thirds by 2050, driven by sustained demand and the role of gas in the global energy mix.

Speaking at an energy forum, de Greve said Shell’s sales of liquefied natural gas (LNG) are expected to grow at an annual rate of 4 to 5 percent between 2025 and 2030.

He added that the world has lost about 36 million tons of LNG from the Middle East region since the beginning of this year, referring to the impact of regional disruptions on global gas supplies.

Shell’s forecasts come as the LNG market faces supply disruptions, while the global market continues to rely on gas to meet energy demand and support the stability of power grids.