Japan’s Inpex has issued a warning about a significant shortfall in liquefied natural gas (LNG) supply in the Pacific coastal region by the year 2035. This forecast comes in light of increasing global demand for LNG, which is expected to outpace supply capabilities.
Key Points
- Projected Shortfall: A notable gap is anticipated between LNG supply and demand in the Pacific coastal region by 2035.
- Rising Global Demand: The surge in LNG consumption internationally is a driving factor behind the forecasted shortfall.
- Impact on Energy Markets: The shortage could affect energy prices and supply stability in the region.
Implications
This projected shortfall highlights the necessity for:
- Investing in increased LNG production capacity.
- Developing alternative energy sources to diversify energy supply.
- Enhancing international cooperation to secure LNG imports.
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