Unprecedented uncertainty in natural gas demand and policies and low levels of investment in new production risk creating fresh energy crises and undermining energy security and climate goals as it would stall the move away from coal, the International Gas Union IGU said in a new report this week.
“The very large difference in levels of anticipated demand across different scenarios – including those that project such deep demand reductions that no new natural gas projects are needed anywhere in the world today – make it very challenging to plan investments, while the increasingly restrictive policy environment has raised the cost of these investments,” the union said.
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