NewEnergyNews More: NAT GAS BOOM TO BUST

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  • Tuesday, July 7, 2015

    NAT GAS BOOM TO BUST

    Energy Companies That Stake Their Future On Gas May Be In For A Big Surprise

    Mike Scott, July 7, 2015 (Forbes)

    “Almost $300 billion of planned LNG (liquefied natural gas) projects could be surplus to requirements, suggests…[Carbon Supply Cost Curves] from the respected think tank Carbon Tracker Initiative…[T] here is some room for gas demand to grow while we remain within the ‘carbon budget’ that will keep temperature increases to safe limits, but not as much as the gas industry believes…The study finds that over the next 10 years $82 billion of potential capex in LNG plants will not be needed in Canada, $71 billion in the United States and $68 billion in Australia if demand is lower than companies project because of tighter carbon regulations, the introduction of carbon prices around the world, improved energy efficiency, the development of energy storage and the greater use of renewable energy. The value of unneeded LNG projects rises to $379 billion by 2035…” click here for more

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