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Shell believes that despite the conflict in the Middle East causing fluctuations in natural gas prices, global long-term demand for liquefied natural gas will continue to grow as this energy source is flexible and reliable. The company stated on Monday that consumption of this fuel is expected to increase by at least 45% by 2050 compared to the levels in 2025. The company anticipates that annual demand will be between 610 million and 780 million by the middle of the century. The global liquefied natural gas market is suffering significant damage due to the war in the Middle East, with transport volumes through the Strait of Hormuz (a key channel for fuel transport) nearly dropping to zero. While Shell has not commented on the impact of this conflict, the company has invoked force majeure clause due to the shutdown of Qatar's largest export facility, allowing them to interrupt shipments to certain customers.