Global energy scenarios: LNG trade increases robustly

LNG trade increases robustly in the near term but the range of uncertainty widens post 2030, with continuing demand for LNG in emerging markets as they grow and industrialize, offset by falling import demand in developed markets as they transition to lower carbon energy sources. LNG trade grows strongly over the first 10 years of the outlook, increasing by around 60% in New Momentum and Accelerated and by a third in Net Zero. Much of this growth is driven by increasing gas demand in emerging Asia (China, India, and other emerging Asia) as these countries switch away from coal and, […]