Qatar’s Energy Minister Al-Kaabi has told a forum in Doha that insufficient investment in energy infrastructure, coupled with surging demand driven by the artificial intelligence (AI) boom will lead to a global LNG and natural gas shortage after 2035. The energy minister has projected that global LNG demand will surge to 700 million tons per year over the next decade, from 400 million tons currently, noting that oil prices remain below the $70-80 per barrel range required to finance the necessary infrastructure investments. “In every country we…
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