, according to the Institute of Energy Economics, Japan IEEJ. As countries look to cut emissions and shift to gas from coal, these investments will have to go to development of new gas fields, construction of new LNG export facilities, and expansion of existing plants, according to an IEEJ report cited by Bloomberg. However, in a scenario in which emissions stay at current levels by 2050, the world will need almost $10 trillion to avoid natural gas shortages, the Japanese think tank said.
“After their heyday between 2011 and 2021, the world’s gas markets have entered a new and more uncertain period that is likely to be characterised by slower growth and higher volatility – and could lead to a peak in global demand by the end of this decade,” IEA Director of Energy Markets and Security Keisuke Sadamori said.