The natural gas industry has spent the past decade pitching its product as the cleanest fossil fuel and a necessary bridge from the coal-powered past to a renewable future.

But the fuel’s prospects have been called into doubt as energy transition gathers pace, casting a shadow over an industry that has pumped tens of billions of dollars into projects to produce and ship natural gas worldwide.

Climate politics have tilted against natural gas. Japan, South Korea, the EU and the U.S. have pledged to be net carbon-free by 2050 and China by 2060. These are mainstay markets that account for more than half of global natural gas consumption.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access