LNG demand to 2040 needs $2trn in capital, says WoodMac
That figure could be reduced by 65% if gas demand peaks earlier due to increasing calls for decarbonisation, the consultancy says. The 'Big 4’ producers Qatar, the US, Russia and China will account for 60% of gas supply till 2040
With increasing investor activism on carbon, ‘the gas industry of the future must become synonymous with ESG’, WoodMac says. Gas project developers and investors must now consider three key areas — investing in sustainability, increasing competitiveness, and embracing new sources of capital
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