The World Needs More Gas But There Isn't Enough

The video discusses the global natural gas market, highlighting the increasing demand due to a shift from coal and diesel. Despite this demand, supply is insufficient, exacerbated by underinvestment and geopolitical issues, particularly involving Russia. Europe is notably vulnerable, facing potential gas shortages and economic impacts. Asian countries like China, Japan, and Singapore also face challenges, with rising prices and potential supply crunches as winter approaches.

What is one of the main reasons for the current global natural gas supply shortage?

• Overproduction of natural gas

• Abundance of alternative energy sources

• Underinvestment in upstream supply

• Decrease in global demand

Why is Europe particularly at risk of natural gas shortages?

• It relies heavily on Russian natural gas

• It has invested heavily in renewable energy

• It has a surplus of natural gas

• It has abundant local natural gas reserves

What could happen in Europe if natural gas inventories are not filled by winter?

• Decrease in energy prices

• Gas rationing and industrial shutdowns

• Increase in coal usage

• Expansion of natural gas exports

Which Asian country is a significant importer of liquefied natural gas and could face a crunch?

• Thailand

• China

• Vietnam

• India

What is a likely consequence for Singapore as winter approaches?

• Increase in power bills

• Decrease in natural gas prices

• Reduction in natural gas imports

• Surplus of natural gas