Still, Poten & Partners consultant Majed Limam said the global gas market will continue to grow for the foreseeable future. He noted that the LNG trade has grown on average by 7% annually between 2000 and 2022, outpacing most other commodities.
“Renewables need backup until batteries catch up and utility-scale economics work,” he told the audience. “Gas is going to play a key role, LNG in particular, because of its flexibility. A lot has to happen for Europe to do what it needs to replace Russian gas.”
To read the full article, click here.