In a recent ARC Energy Ideas article titled “The Natural Gas Debate”, energy strategist Jackie Forrest discusses the debate over whether natural gas is a bridge to a lower carbon future or will be quickly replaced by renewable energy sources.
“Today’s reality continues to suggest strong growth for natural gas. Last year the world consumed 3 percent more methane molecules than the previous year, almost twice the historical rate of growth for gas. As a result, natural gas was the number one fuel for meeting the growth in primary energy demand in 2017, beating out renewables by 26 percent,” notes Forrest.
Forrest goes on to highlight how long-term natural gas demand is underpinned by increasing consumption in China and India, the fact that natural gas power plants are built to last 20 to 40 years, and because there are multiple uses for natural gas beyond electricity generation. It’s a thoughtful, provocative and fact-based discussion: we recommend you check out the full article here.
Jackie Forrest is Senior Director with ARC Energy Research Institute, which conducts economic and investment analysis specializing in the Canadian energy industry. She’s a recognized expert in analyzing oil and gas systems in a carbon constrained world, and led North American crude oil research for the international energy consulting firm IHS CERA before joining ARC.