Extensive gas use is incompatible with net-zero ambitions. Coal-to-gas switching reduces greenhouse gas (GHG) emissions, but is feasible only when gas is readily available and affordable.
- Gas exploration and new field development will increase as producers seek to profit from regional gas shortages.
- Asian buyers will continue to underpin new LNG investment with long-term contracts.
- Gas will play a reduced role in the European energy transition, necessitating accelerated renewables deployment.