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</html><description>For the 2021 calendar year, international gas markets were shaped by global supply shortages, leading to steep price increases and a decrease in demand in the second half of 2021. Continued spikes may accelerate the establishment of new infrastructure to help lessen future fluctuations in price. In this chapter, we explore some of the factors that have contributed to shaping energy prices throughout CY21 and Q1 CY22, as well as actions that will help ensure reliable supply at reasonable prices in the immediate future.</description></oembed>
