Middle East War Throws LNG’s Growth Story Into Doubt

AI Summary

The ongoing Middle East war has severely disrupted global energy flows, particularly affecting liquefied natural gas (LNG). Shell forecasts LNG demand could grow 65% by 2050, but current conflicts may alter the long-term outlook for this commodity.

The Middle East war has caused what may well be an unprecedented degree of disruption in global energy flows. While crude oil gets a lot of the attention—and with good reason—the situation in liquefied gas is arguably worse and deserving of more attention. The war, some believe, could reshape the long-term outlook for the commodity. At the end of June, Shell released a forecast for LNG demand trends over the long term, seeing that demand reaching close to 700 million tons annually by 2050. That would be up by an impressive 65% from…