Cyprus Mail
Letters

By 2030 natural gas prices will plummet

By 2030, there will be such a glut of NG on the market that it will never be economical to exploit our gas.

Why? Look at the UK claiming carbon neutral emissions by 2050; others will follow the UK’s lead.

Phasing out gas will start in this coming decade. The US supply of fracked gas will exceed world demand in the 10-15 year time frame.

Expensive gas from Cyprus’ EEZ will never be exploitable, at best small quantities of CNG for the temporary supply as a stop-gap measure.

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Concerns that state gas deals could lead to higher energy prices

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