Gas Crunch Looms as Demand Outpaces Supply Growth

Natural gas demand is set to increase more than previously expected, the International Energy Agency reported recently. Demand will remain strong next year as well, the agency predicted, warning that this might lead to a problematic situation with supply—because that’s not growing fast enough. Just a year ago, the International Energy Agency predicted that oil and gas demand would peak before 2030. That prediction had the IEA saying there was no need for further investments in the production of either hydrocarbon. Now, it appears there…