Natural Gas is Fighting for Survival
Natural gas has been hailed as the bridge fuel between the fossil fuel economy of the past and present, and the renewable economy of the future.
With renewable energy costs falling steadily and considerably, some are beginning to worry that gas is facing increasingly fierce competition amidst fast-growing supply.
The second problem for natural gas is methane emissions. The main component of natural gas is much more potent greenhouse gas than the notorious carbon dioxide and it has been gaining increasing attention from regulators and investors alike. Companies however,have the opportunities to enter into the renewable natural gas segment of the industry, if tax incentives and improved technologies permit.This solves the methane emissions considerably and can potentially lift the reputation of natural gas (clean burning fuel).
Lowering costs to match the cost decline in renewables gives some sort of assurances to gas industry players.The gas industry can do it,albeit unwillingly. Oversupply may cause natural gas in a country fall below zero in terms of its prices. Renewables have a long way to go to fall into negative territory without even trying.
But such price swings aside, gas industry is actively looking for ways to make their products more competitive. After all, competition within the industry is intensifying, too, as global gas demand(due to obvious reasons, such as pollution from sources that can impact AQIs in an area) rises and companies and government rush to respond to this rising demand.
One can gain an advantage over competition and this is by lowering costs and improving production efficiency.
Another way is by going for renewables. Methane collected from wastes and manure - a renewable sort of natural gas - is an emerging popular energy source - but it is yet to establish itself as a viable alternative to fossil fuel gas and energize growth. more
With renewable energy costs falling steadily and considerably, some are beginning to worry that gas is facing increasingly fierce competition amidst fast-growing supply.
The second problem for natural gas is methane emissions. The main component of natural gas is much more potent greenhouse gas than the notorious carbon dioxide and it has been gaining increasing attention from regulators and investors alike. Companies however,have the opportunities to enter into the renewable natural gas segment of the industry, if tax incentives and improved technologies permit.This solves the methane emissions considerably and can potentially lift the reputation of natural gas (clean burning fuel).
Lowering costs to match the cost decline in renewables gives some sort of assurances to gas industry players.The gas industry can do it,albeit unwillingly. Oversupply may cause natural gas in a country fall below zero in terms of its prices. Renewables have a long way to go to fall into negative territory without even trying.
But such price swings aside, gas industry is actively looking for ways to make their products more competitive. After all, competition within the industry is intensifying, too, as global gas demand(due to obvious reasons, such as pollution from sources that can impact AQIs in an area) rises and companies and government rush to respond to this rising demand.
One can gain an advantage over competition and this is by lowering costs and improving production efficiency.
Another way is by going for renewables. Methane collected from wastes and manure - a renewable sort of natural gas - is an emerging popular energy source - but it is yet to establish itself as a viable alternative to fossil fuel gas and energize growth. more
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Solar power is intermittent. At night and when there is no sun (rains,clouds etc.),dependency on solar power is questionable. Thus a viable storage system(such as battery storage) needs to accompany solar as a renewable energy source.Moreover efficiency has to improve of solar panels. It also need large land space. But it is clear that there is capacity enhancement of solar installations, rooftop systems gaining popularity.Floating solar(solar panels on waterbodies) is another emerging concept and is fast gaining momentum globally. more
Nov 16
