Where is the Gas Market Heading: Trends and Forecasts for 2024
With global challenges such as climate change, the gas market is undergoing major changes. Forecasts for 2024 point to an increase in demand for natural gas, especially in developing countries where a growing class of consumers demands reliable and affordable energy sources. With a decreasing dependence on coal and a shift to cleaner energy sources, natural gas is becoming a key choice for many countries looking to reduce their carbon emissions.
However, infrastructure such as LNG terminals and pipelines remain critical to ensuring supply security. Amid global political instability and uncertainty, companies are beginning to diversify their supply sources, which could lead to new gas trading models and lower prices. In such an environment, companies that can adapt and anticipate changes will have a competitive advantage.
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