Pipelines, Storage & Power

Gas investment may be shifting down a gear

The potential for technological change has created uncertainty over how large the gas market can become, and in what time frame. This is changing the pattern of investment in gas infrastructure The potential for technological change has created uncertainty over how large the gas market can become, and in what time frame. This is changing the pattern of investment in gas infrastructure.
By Peter Stewart 24 February 2017 0 24243
The potential for technological change has created uncertainty over how large the gas market can become, and in what time frame. (Statoil)

Gas accounts for slightly more than one-fifth of global primary energy demand, and its share in the energy mix looks set to increase as the use of coal declines and more renewables capacity is installed to meet climate targets set by the Paris Agreement. 

Major oil companies have become enthusiastic about gas as a complementary fuel to renewables, the intermittency of which makes them unreliable in power generation. Gas-to-power projects have proliferated as lower oil and gas prices have made gas more competitive against coal in...