The world’s energy is changing. New events and money for energy projects cause this. People think we will need more energy. More liquefied natural gas (LNG) will be used. This changes how energy markets work. More money is also spent on oil and gas. This shows fossil fuels are still important. Countries want to get their own energy. The EU wants to stop using Russian energy.
New ways to move energy are also key. The United States has an energy plan for Europe. Greece is important for this. Companies look for new oil and gas. Chevron will explore near Crete. The Eastern Mediterranean is more important. Cyprus will send gas to Egypt. Big companies work in Egypt’s waters. Egypt will start a big drilling project. BP and Eni will help pay.
More LNG will be ready soon. New LNG production starts in 2025 and 2026. This can help the world supply. Countries are making deals for future LNG. Turkey made big deals with US companies. Gas demand will grow by 2050. This new supply will be needed.
Some people warn of shortages. If investment stops, oil and gas will make less. Companies spend much money on projects. OPEC+ will not make more oil now. But they think oil demand will grow. Oil use will grow by 2050. The move to new energy is slow. AI, cars, and factories need more energy.
These changes will have big effects. The LNG market may have more buyers. This could mean lower prices. The Eastern Mediterranean is important for energy. Using more fossil fuels may hurt climate goals. Oil prices might drop, then go up. The world’s energy future will be busy.