Shell is forecasting an LNG supply gap from mid-2020 once the current wave of liquefaction capacity has been absorbed.
Speaking during a results briefing, chief financial officer Jessica Uhl said Shell expects LNG demand to grow at 4% per year.
As a result, the company is seeing continued interest in long-term contracts from LNG buyers, such as its recent deal to supply Hong Kong’s first LNG import terminal from next year.
