Energy Crises Spark 'Golden Age' for LNG Amid High Demand

Former International Energy Agency (IEA) Executive Director Nobuo Tanaka believes that two significant energy crises in the span of five years could push the global natural gas market into a 'golden age' for LNG. The first crisis occurred when Iran's war disrupted Asian supply, while the second saw Japan weigh an increase in LNG demand. As a result, buyers are seeking alternative supplies.

Tanaka notes that these crises have created a perfect storm of high demand and limited supply, which could drive LNG prices upwards. This, in turn, could make the market more attractive to producers and investors, sparking a 'golden age' for LNG.