Shell sees emerging Asian markets taking more of world’s growing LNG supply

Shell (SHEL.L) expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade.

Asian spot LNG prices rose last week to the highest levels since January as hot weather across the region spurred demand for the super-chilled fuel.

“That combination of decarbonisation, and declining domestic production (will drive LNG demand growth),” Cecile Wake...