Global investment in gas-fired power generation fell to its lowest level in a decade in 2016, to $34 billion, according to a new report by the International Energy Agency (IEA).
In Europe, more gas-fired power capacity was retired than approved for construction as the fuel struggled to compete in the power mix.
Nearly half of the cash invested in gas-fired plants was in North America, the Middle East and North Africa, where the supply of feedstock is plentiful. Reduced investment in China offset an increase...
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