LNG Will Offer Protection Against Gas Supply Halts: IEA
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Rising liquefied natural gas output will help protect against disruptions globally as the conflict between Russia and Ukraine rekindles concerns about security of supply, according to the International Energy Agency.
Natural gas production is expected to rise in almost all regions except Europe by 2040, the IEA said in its World Energy Outlook published today. LNG exports will almost double, taking market share from interregional pipeline trade and contributing to diversification of supply, according to the Paris-based adviser to 29 developed countries.