Shell forecasts surge in global demand for LNG as countries seek reliable supplies
is studying the feasibility of a major expansion for the LNG Canada joint venture in British Columbia, citing a surge in global demand for liquefied natural gas and the need for reliable new supplies.
Shell estimates global demand for LNG will surpass 700 million tonnes a year by 2040, up almost 90 per cent from last year. While the B.C. government supports LNG Canada’s first phase, the province is encouraging any new LNG proposals to consider electric-drive technology to convert natural gas into liquid form, in an effort to meet provincial targets for reducing greenhouse gas emissions.
Susannah Pierce, Shell Canada president and country chair, said LNG Canada will produce fuel at a lower carbon intensity than other large-scale terminals operating in the world. Mr. Zebedee, who was seconded from Shell to LNG Canada, will join Suncor Energy Inc. next week as executive vice-president of mining and upgrading.
Denita McKnight, LNG Canada’s vice-president of corporate relations, said a final investment decision for phase two will take various factors into account such as competitiveness, affordability and carbon intensity.