World Needs $7 Trillion to Avoid Gas Shortage, Says Japan Think Tank
- New gas projects needed despite shift to greener sources: IEEJ
- Differing gas demand outlooks threaten to hamper planning
This article is for subscribers only.
The world will need $7 trillion to ensure there is sufficient gas supply through 2050 as nations shift to cleaner energy sources, according to a think tank in Japan.
The investment will be required to build new liquefied natural gas export plants, refurbish existing facilities and develop gas fields, according to the Institute of Energy Economics, Japan.