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33	33	LNG trade grew over 9% in 2018 with increased supply from US and growing consumption in European and Asian markets. Further, LNG imports by China grew by approx. 40% in the year 2018. The growth in India’s gas consumption was brought almost entirely by LNG as domestic gas output remained stagnant, According to Shell LNG Outlook 2019, the number of LNG importing countries continues to increase, reaching 42 in 2018, with Panama and Bangladesh turning to LNG imports to meet their energy requirement. Also according to the same report, the average length of new LNG supply contracts doubled from around six years in 2017 to about 13 years in 2018. According to GIIGNL Annual Report 2019, total volume of over 30 Mtpa was contracted under mid-term/long-term (above 4 years of contract) LNG as compared to around 20 Mtpa in 2017. These developments indicate improved long-term health for the global LNG market.
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35		-According to Shell LNG Outlook 2019, gas will cater to over 40% of additional energy demand i.e. the largest share of energy growth by 2035. Within gas, LNG is expected to be the fastest-growing supply source, with an expected compound annual growth rate of 4% till 2035. It is expected that growth in LNG demand will continue around the world, led by Asia and Europe. Refer Figure 3 for growth in LNG demand in Asia
	35	+According to Shell LNG Outlook 2019, gas will cater to over 40% of additional energy demand i.e. the largest share of energy growth by 2035. Within gas, LNG is expected to be the fastest-growing supply source, with an expected compound annual growth rate of 4% till 2035. It is expected that growth in LNG demand will continue around the world, led by Asia and Europe.
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37	37	== India Energy Consumption ==
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