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The Country that Imports the Most Natural Gas in the World [Yahoo! Finance]
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Last chevron corporation earnings: 5/1 06:45 am
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Natural Gas: A Key Player in the Global Energy Market Natural gas, a fossil fuel energy source, is a gaseous mixture of hydrocarbons and holds the title of one of the most important sources of energy in the world. The importance stems from its lower cost, abundance, and less adverse impacts on the environment, as compared to other petroleum and coal products. The global oil and gas market was valued at $6.99 trillion in 2022, and it is projected to grow to $8.67 trillion by 2027. The market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period of 2023 to 2027. This exponential growth stems from the rise in demand for sustainable and cleaner energy solutions; whereas developing countries have also been focusing on increasing the utilization of electricity and refined petroleum. Along with these, some of the other drivers of demand in this industry are increased global economic activity and higher electricity consumption. Accordi
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