The U.S. natural gas market is expected to have a greater impact on the global LNG trade in the future as more projects are built and the world’s supply contracts are increasingly tied to Henry Hub, Shell plc reported Thursday in its annual liquefied natural gas outlook. 

Qatar and the United States are expected to drive the bulk of supply additions this decade, with most new offtake agreements likely to be tied to Henry Hub and crude oil prices. While Qatar continues to advance contract negotiations for its massive North Field East and North Field South projects, U.S. project developers led the pack last year, accounting for more than 70% of all global sales and purchase agreements, according to NGI calculations. 

Shell’s Steve Hill, executive vice president for energy...