The continuation of low domestic gas and LNG prices could result in short-term demand increases in both China and India, but current price levels are not likely to endure over the longer-term, report economists at UT Austin’s Center for Energy Economics (CEE), a unit within UT Austin’s Bureau of Economic Geology, in the Jackson School of Geosciences. Researchers, including Dr. Michelle Foss, Dr. Gürcan Gülen, Miranda Wainberg, and Daniel Quijano, investigate the potential for natural gas demand growth in China and India in the context of existing and emerging natural gas industry trends, along with commercial frameworks that can facilitate or hamper the development of a vibrant natural gas sector. Among the team’s findings was an observation that though natural gas will remain a key characteristic in both countries’ power sectors, projections of overall natural gas demand growth were lower than expected. For more, read the full CEE report.
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