全球液化天然市场前景报告2024（英）

Investment Rating - The report does not explicitly state an investment rating for the LNG industry or Shell plc Core Insights - The global LNG market is expected to continue growing into the 2040s, primarily driven by industrial decarbonization in China and increased demand from other Asian countries [7][10] - LNG is projected to meet over 75% of the new emerging Asian gas demand [16] - The global LNG trade saw slight growth in 2023, with prices remaining above historical averages due to supply constraints [9][40] - The demand for LNG is anticipated to align with new supply, particularly in Asia, necessitating significant infrastructure investments to support economic development [10][99] Summary by Sections Demand Drivers - Industrial, heating, and emerging Asian markets are the main drivers of LNG demand growth [11][19] - China's gas demand is expected to rise significantly, with infrastructure developments enhancing market balance [80][83] Market Dynamics - 2023 saw more stable natural gas prices, although volatility persisted in a tight market [40][96] - The report highlights that the LNG supply growth is expected to meet the rising demand, particularly in Asia, with a focus on regasification infrastructure investments [62][99] Supply Outlook - The report indicates that new LNG supply is anticipated to come online in the latter half of the 2020s, coinciding with the demand growth in Asia [10][66] - North America is projected to account for approximately 30% of total global LNG demand by 2030 [92][99] Environmental Considerations - The report discusses the importance of reducing methane emissions and the role of LNG in achieving lower emissions in the maritime sector [33][39] - There is a focus on the decarbonization pathways for LNG, including the use of renewable energy in the liquefaction process [35][96]