The era of cheap energy is coming to an end
... electricity needs, and Europe is poised to depend more on gas than ever as it seeks to peak coal consumption. Even as prices are set to increase in the next decade, they won't be high enough to drastically reduce demand for the fuel, according to Gavin Thompson , Asia -Pacific vice chairman at Wood Mackenzie Ltd. In emerging economies, with policy support we don't see demand destruction, he said. Ordinarily, fresh demand would encourage a rush of investment in new export facilities. However, a big ...
Updated: 08/06/2021
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