Experts warn of ‘permanent demand destruction’ for gas but say conditions are ideal for a structural shift to renewable energy
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High global gas prices may threaten Australian fossil fuel megaprojects as growth forecasts for the industry are reduced by as much as a third.
The International Energy Agency (IEA) significantly revised down its forecast for global gas demand until 2024 by almost two-thirds on Tuesday after prices rose to record levels thanks to Russia’s invasion of Ukraine.
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