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Shell warns of LNG shortage as demand surges past expectations

Published 02/26/2018, 10:46 AM
Updated 02/26/2018, 10:46 AM
© Reuters.  Shell warns of LNG shortage as demand surges past expectations
  • Royal Dutch Shell (LON:RDSa) (RDS.A, RDS.B) says the world could face a shortage of liquefied natural gas within a decade because of underinvestment in new projects.
  • In its annual LNG outlook, Shell says the market for liquefied natural gas grew by 29M metric tons last year, 30% more than previously expected, to 293M tons.
  • While LNG demand is expected to grow to ~500M metric tons/year by 2030, supplies are seen slipping to 300M tons/year due to a lack of new projects and natural declines in existing production.
  • ETFs: UNG, UGAZ, DGAZ, BOIL, KOLD, UNL, DCNG, GAZB
  • Now read: Natural Gas Is Flirting With Price Disaster


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