Shell sees significant LNG growth in near term under its scenarios- Global demand for liquefied natural gas will see a robust rise in the next few years, while gas will likely see a more gradual dynamic and oil may peak at the beginning of the next decade, scenarios published by Shell showed on Wednesday. The British energy company has created three different scenarios for modelling energy security in the long term but added that they do not reflect its strategy or business plan. In the 'Horizon' scenario, LNG demand is seen peaking in the early 2030s. In all the three scenarios Shell sees an upward pressure on energy demand. "The scenarios highlight that primary energy demand in 2050 could be nearly a quarter higher than 2024 depending on economic growth rates, energy efficiency gains and the pace of electrification," the report said.