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The natural gas market is characterized by a complex interplay of supply and demand, influenced by various factors such as geopolitical stability, economic growth, and technological advancements. The recent surge in shale gas production, particularly in the United States, has reshaped the global natural gas landscape, leading to increased competition and lower prices. This revolution has not only provided energy security for many nations but also contributed significantly to economic growth and job creation.
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One of the most significant advantages of LNG is its lower environmental impact compared to traditional fossil fuels. When burned, LNG emits about 50% fewer carbon dioxide (CO2) emissions compared to coal and around 30% less than oil. Moreover, it produces virtually no sulfur dioxide (SO2) or particulate matter, which are significant contributors to air pollution and health problems. As countries grapple with climate change and strive for greener energy solutions, LNG presents itself as a cleaner bridge fuel that can support a transition towards more sustainable energy production.
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