Shell: Despite the turmoil in Iran, the demand for liquefied natural gas is expected to continue to grow.

Shell believes that despite the conflicts in the Middle East causing fluctuations in natural gas prices, global demand for liquefied natural gas will continue to grow in the long term as this energy source offers flexibility and reliability. The company stated on Monday that consumption of this fuel is expected to increase by at least 45% by 2050 compared to 2025 levels. The company predicts that by the mid-century, annual demand will be between 610 million and 780 million metric tons. At the time of the report's release, the global liquefied natural gas market has been severely impacted by the wars in the Middle East, with shipping volumes through the Strait of Hormuz significantly reduced, almost down to zero. While Shell did not comment on the impact of this conflict, the company has invoked force majeure clauses due to the shutdown of Qatar's largest export facility, allowing the company to interrupt shipments to certain customers.