An avalanche of factors, ranging from Russia’s ongoing invasion of Ukraine to a recent fire and subsequent closure of a Texas natural gas export facility, is propelling global demand for natural gas to critical levels, reports Bloomberg.
“This is the 1970s for natural gas,” says Kevin Book, managing director at ClearView Energy Partners LLC, a Washington-based research firm. “The world is now thinking about gas as it once thought about oil, and the essential role that gas plays in modern economies and the need for secure and diverse supply have become very visible.”