23 Oct, 23

$7 Trillion Needed To Secure Future Natural Gas Supply

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The world is in the midst of an energy transition; however, the complete transition from fossil fuels to renewables won’t be realized anytime soon. Natural gas is expected to replace dirtier fossil fuels through 2050. Yet, there are growing worries about the world’s NatGas supply, especially in the absence of new investments. To ensure a smooth energy transition, new figures show countries need to spend $7 trillion on new liquefied natural gas (LNG) export plants, upgrading facilities, and developing new gas fields, according to Bloomberg, citing…

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