Natural gas faces challenges in the EU with proposed legislation that could leave it in the cold, despite growing investor interest. President Biden’s moratorium on new LNG export capacity didn’t deter global demand for natural gas, which continues to rise. Investors are returning to natural gas, recognizing its importance in the energy mix.

Major oil companies like Shell and BP are prioritizing LNG production, signaling a shift towards natural gas. Exxon warned the EU over draft legislation that would require responsible extraction and low emissions, despite record LNG imports. Woodside Energy and TotalEnergies anticipate significant growth in sales of natural gas and crude oil due to rising energy demand.

As data centers strain grids, natural gas emerges as a vital energy source, with Australia’s Woodside Energy and TotalEnergies expecting substantial growth in sales. Despite challenges in the EU, natural gas remains essential for meeting energy demand. Big oil companies are refocusing on natural gas production, anticipating a surge in demand.

Read more at Yahoo Finance: Investors Flock Back to Natural Gas as Demand Soars