November 1, 2010 / 11:05 AM / 9 years ago

Shell says Asia LNG demand growth will absorb supply

SINGAPORE, Nov 1 (Reuters) - Strong growth in Asian demand for liquefied natural gas (LNG) will be enough to absorb growth in supply, a senior executive at oil major Royal Dutch Shell said on Monday.

“If you look at the potential demand from China and India it’s huge, China could treble LNG demand from 2010 to 2020, and double it again by 2030,” Malcolm Brinded, executive director at Shell Upstream International, said.

He added that LNG is the cheapest way Asian countries that can meet their CO2 targets. (Reporting by Simon Webb; Editing by Michael Urquhart)

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