RE: The Era Of Cheap Natural Gas Ends6 Aug 2021 10:04
wilshireman, without new investment LNG consumption in Asia will outstrip supply by 160 millions tons in 2035.
Also may I add a decade ago the IEA stated the world may be entering a golden age of natural gas demand growth due to historic expansion of low-cost supply. But think..between 2009 and 2020, global gas consumption surged by 30% amid booming output.
So.. in my eyes with the increase in ALL of our energy bills we need home grown energy and security with some of the recent events. And that includes Wressle and West Newton. Because when Asia recovers from covid and travel resumes etc we will see a surge in Oil use, again an Oil is suffering from low investment.
The Fear of the Fear will become a major problem for energy .