LNG Demand Defies Gloomy Predictions ...Middle East

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LNG Demand Defies Gloomy Predictions
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The energy transition was supposed to kill demand for oil, natural gas, and coal. The more wind and solar capacity that was built, the less hydrocarbons were supposed to be in demand. Instead, demand for all three continues to grow—especially natural gas. So Big Oil is doubling down on this core business, much to the chagrin of transition advocates. CNBC’s Sam Meredith noted in an article this week the latest quarterly reports of several Big Oil majors, all of which had emphasized the importance of their LNG business. Indeed, LNG has…

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