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Natural gas has solidified its role as a key player in the global energy landscape, accounting for 25% of the record-breaking 398 billion cubic feet per day of global production in 2024, primarily driven by U.S. output. This essential energy source fuels power plants and heating while supporting burgeoning LNG export dynamics, especially from the U.S., Qatar, and Australia. Despite increased pressure to decarbonize, natural gas is essential for energy stability as it bridges fossil fuels and renewable resources, maintaining significant demand growth in non-OECD nations, particularly in Asia.
Source: YAHOO