Shell's outlook on LNG's future

Global LNG trade increased to 360 million tonnes in 2020, according to Shell’s latest annual LNG Outlook, despite the unprecedented volatility caused by the Covid-19 pandemic. The marginal increase in volume, from 358 million tonnes, reflects the resilience and flexibility of the global LNG market in 2020. Global LNG prices hit a record low early in the year but ended the 12-month period at a six-year high as demand in parts of Asia recovered, and winter buying increased against tightened supply. China and India led the recovery in demand for LNG following the outbreak of the pandemic. China increased its imports by seven million tonnes to 67 million tonnes at its 19 terminals, including t

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