Global trade in liquefied natural gas (LNG) in 2021 grew 6% year on year to 380 million tonnes as economies recovered from the economic impact of the COVID-19 pandemic, Shell (SHEL.L) said on Monday. LNG demand is expected to almost double to 700 mln tonnes by 2040, Shell said in its annual LNG market outlook, adding that the liquefied gas has a key role to play to support renewable energy and as a back-up in the event of intermittent supply. This year’s power price shock has put multiple British energy suppliers go out of business while some elements of heavy industry curtailed output in energy-intensive sectors. LNG prices lurched from record lows under $2 per mmBtu in 2020 to record highs of $56 in October […]