Bombshell Report Pours Cold Water On Global LNG Outlook

When the European Union tied its pandemic relief plan to renewable energy generation and emissions reduction targets, analysts sounded an alarm for LNG as the production of the superchilled fuel involves a certain amount of greenhouse gas emissions. Now, Wood Mackenzie is warning that global energy transition goals could threaten more than two-thirds of the world’s supply of liquefied natural gas, leaving trillions of cubic meters of gas in resources stranded. This forecast is a stark departure from pretty much all gas demand projections,…