The supply and demand for natural gas can be impacted by various elements, including changes in the global economy, consumer trends, and production levels. A number of variables, such as variations in the price of crude oil globally, climatic patterns, and governmental policies, can affect the price of natural gas. Improvements in natural gas extraction, transportation, and storage technology may impact the worldwide natural gas market.
The competition with other energy sources, environmental laws, and the development of alternative energy sources are all elements that natural gas experts also consider. Additionally, they research market trends, assess the viability of new exploration and production initiatives, and assess the effects of natural gas exploration on nearby communities.