Europe wants 50 billion cubic meters of additional natural gas, but supplies are tight. Prices will rise, and other regions might have to do with less.
Just months ago, Germany’s plans to build a terminal for receiving shiploads of liquefied natural gas were in disarray. Would-be developers were not convinced customers would make enough use of a facility that can cost billions of dollars. And concerns about climate change undermined the future of a fossil fuel like natural gas.
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