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Natural gas market to remain tight till 2025

Natural gas prices have skyrocketed worldwide. [iStockphoto]

The leader of the coalition of gas-exporting countries said yesterday the group expects demand for the fuel to far outstrip supply until 2025 amid a global energy crisis sparked by the war in Ukraine.

Secretary General of the Gas Exporting Countries Forum Mohamed Hamel, of Algeria, said at the group's meeting in Cairo that although investment was increasing in natural gas, the countries didn't expect to have new sources of supply online for another three years.

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