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Domestic gas demand is rising as the Russian economy grows, along with European demand.
To put this in perspective, the EU's annual gas demand in 2017 was around 500 bcm.
The sharp fall in gas demand has already had repercussions for Gazprom's big investment projects.
Some forecasts see eastern Australia's gas demand tripling in three years.
Tsuda researched U.S. energy policy and how it impacts natural gas demand and supply.
The growing gas demand results in proposals for 20 or more LNG terminals on both coasts.
Some experts fear a boom in gas demand for electricity generation will send prices even higher.
Rising natural gas demand has prompted companies to build transportation pipelines at a frenzied pace.
(Mr. Lovins calculated that it would actually reduce overall gas demand and prices).
The economic downturn cut gas demand after 2007, then persistently high oil prices kept it down.
Weather has been the biggest factor holding down gas demand, and with it, price.
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