Abstract

The natural gas industry has seen abundance, over‐abundance, shortage, regulatory dysfunction, and sometimes balanced markets with a predictable, healthy regulatory scheme. The one thing the industry has never lacked is crises that become turning points. One such turning point is the often‐discussed question of what the future of natural gas will and should be. Another major turning point is whether and how natural gas supply and access to consumers will remain in its now 15‐year‐old state of abundance—whether natural gas can continue to play a role in decarbonizing large sectors of the global economy where coal and other higher‐carbon fuels still dominate.

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