Observed baseline
LNG traded in 2025
Shell reported 422 million tonnes of worldwide LNG trade for 2025. Use it as a dated historical reference.
Read the source →RESEARCH & INTELLIGENCE
Evidence before assumptions.
Dated observations, attributed forecasts and direct links to original sources. Research reviewed 10 November 2026.
Company forecast
Long-term LNG demand
Shell’s outlook places 2050 annual demand near 700 million tonnes. The forecast range is 610–780 million tonnes; outcomes are uncertain.
Read the source →Operator update
Cheniere’s operating platform
Its Q3 2026 release reports approximately 56 mtpa operating across Sabine Pass and Corpus Christi. Further construction and proposed expansions are separate scopes.
Read the source →Construction target
Louisiana LNG
Woodside’s October 2026 progress story targets first LNG in 2029. Construction progress does not turn a target into a guaranteed delivery date.
Read the source →THE EMISSIONS LENS
Follow the full boundary.
Production, processing, liquefaction, shipping and regasification each contribute to the supply-chain footprint. Methane measurement, equipment efficiency and the electricity mix affect comparisons.
The IEA’s 2026 supply-emissions report excludes end-use combustion and distribution after regasification. Read those boundaries before using a supply estimate as a lifecycle conclusion.
Read the source →Primary-source reading room.
Source dates are shown below. An undated page is labelled as such; the review date is not its publication date.
EIA · LNG explained
21 June 2024 · Reviewed 10 November 2026
LNG basics and the physical supply chain. Historical trade figures on this page are not current market data.
Shell · LNG Outlook 2026
30 June 2026 · Reviewed 10 November 2026
2025 trade of 422 million tonnes; 2050 forecast near 700 million tonnes. A company outlook, not an independently assured outcome.
Shell · Investor presentations
2026; page undated · Reviewed 10 November 2026
LNG portfolio strategy, geographic reach and trading capabilities. Presentation index checked 10 November 2026.
Cheniere · Q3 2026 results
Q3 2026 release; exact publication day not confirmed · Reviewed 10 November 2026
Operator update: approximately 56 mtpa operating across its two terminals. Expansion projects have separate conditions.
Cheniere · Sabine Pass expansion EPC
10 June 2026 · Reviewed 10 November 2026
Early works are not the same as final investment approval; the first phase remained conditional in the Q3 update.
Woodside · Louisiana LNG
Project page; updated 27 October 2025 · Reviewed 10 November 2026
16.5 Mtpa foundational phase versus 27.6 Mtpa total permitted capacity. These describe different scopes.
Woodside · Louisiana progress
29 October 2026 · Reviewed 10 November 2026
Under construction, with first LNG targeted in 2029. The target is not a guarantee.
Shell · LNG Canada Phase 2 decision
29 September 2026 · Reviewed 10 November 2026
Phase 2 sanctioned. Existing production and future expansion must be distinguished.
IEA · LNG supply emissions
10 September 2026 · Reviewed 10 November 2026
Emissions across supply stages and mitigation options. The report excludes end-use combustion and post-regasification distribution.
EIA · Corpus Christi expansion
October 2026; publication day not confirmed · Reviewed 10 November 2026
Independent confirmation of Stage 3 completion and separate Midscale construction.
FROM INFORMATION TO UNDERSTANDING
Start with a clearer LNG brief.
Explore the assumptions. Ask the right questions.