By John Benny
March 6 (Reuters) - Chevron Corp said on Tuesday itexpected supply shortage in the global liquefied natural gas(LNG) market by around 2025, echoing comments made last month bytop LNG trader Royal Dutch Shell.
Demand for natural gas, which burns cleaner than coal andoil, has surged as countries such as
Chevron, owner of the giant Gorgon and Wheatstone LNGprojects in
"
Shell in February estimated that more than
The global LNG market is set to continue its rapidexpansion into 2020 as facilities approved for construction inthe first half of the decade come on line.
However, a decline in spending in the sector since 2014will create a supply gap from the mid-2020s unless newinvestments emerge, Shell said in its 2018 LNGOutlook.(Reporting by John Benny in Bengaluru; Editing by SrirajKalluvila)