G7 says publicly supported gas sector investment can be appropriate

The Group of Seven rich nations believes publicly supported investment in the gas sector may be temporarily appropriate while countries accelerate reducing their dependence on Russia, their release said on Saturday.

“We emphasize the important role that increased deliveries of LNG can play, and acknowledge that the sector will continue to expand in response to the current crisis and to address potential gas market shortfalls created by the crisis,” the document said. Investing in may be worthwhile.”