Global markets could suffer a liquefied natural gas supply crunch in another five to seven years due to the reduced investments in the LNG sector, Shell’s chief executive Ben van Beurden has warned.

Van Beurden said that global LNG demand is expected to grow at 4% every year until 2035, which could lead to a shortfall in supplies in the middle of the next decade.

“I think if you look into the 2020’s, then there won’t be enough supply coming to close the gap.