Throughout Europe and the rest of the world, the gas and broader energy industry is experiencing rapid change, and incumbents are being forced to reconsider their business models and product offerings.
Contributed by: SeyedMohsen Razavi, Energy Technology Analyst, Energy Economics & Forecasting Department, Gas Exporting Countries Forum (GECF)
Contributed by: AlexandraShaykevich, Research Assistance, Energy Economics & Forecasting Department, Gas Exporting Countries Forum (GECF)
The energy landscape is becoming increasingly complex, reflecting a transition to more diverse energy systems. The energy transition is partially fuelled by the emergence of new technologies and innovative breakthroughs in existing technologies.
Industry experts have identified the potential for a supply shortage by mid-2020 unless new LNG production projects come online, which leads to the question; how are LNG developers responding to the emerging shortfall?