Global Natural Gas Prices Rise for First Time in Two Years
- Prices increase as demand jumps in Asia, Europe and the U.S.
- Higher efficiency seen boosting gas’s prospects versus coal
Photographer: Daniel Acker/Bloomberg
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Global natural gas prices are increasing for the first time in two years with demand for the fuel advancing across the world.
Consumption of the cleanest fossil fuel is projected to grow under virtually all major scenarios, “including the most aggressive low-carbon transition scenarios,” according to a report published by Italian grid operator Snam SpA, the International Gas Union trade lobby and The Boston Consulting Group.