What's stopping 'the golden age of gas'?

In 2011 the IEA pronounced that the world was on the verge of the "golden age of gas". Two years on, it seems to be slipping further away from Australia, so what's changed and why does it matter?

For much of the last decade or so, gas has been expected to play an increasing role in the power sector in Australia and elsewhere. This expectation was driven primarily by its clean credentials. Today, however, the “dash for gas” is not happening and is unlikely to happen for a decade at least. What changed and why does it matter?

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