Shell Sees LNG Sector Growing by 3% Per Year

The global LNG market is expanding by 3% every year, growing at a faster pace than the overall natural gas market, Wael Sawan, chief executive officer of the world’s top LNG trader, Shell, said at an LNG conference in Doha, Qatar. Both supply and demand of LNG have surged in recent years, and a new supply wave is coming by the end of this decade. The supply surge is set to begin as soon as this year, analysts and forecasters say. New LNG export projects coming online and ramp-ups of recently commissioned facilities are expected to drive a…