Winter fuel demand to hit record in power sector — report
- Oct 4, 2019 1:45 pm GMT
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Electricity generators are expected to set a record for natural gas use this winter, reflecting the continued addition of new gas-fired power plants to replace coal units.
With about 7,000 megawatts of new gas-fired units estimated to have come online so far in 2019, the power sector will demand 27 billion cubic feet per day of gas — about a 5% increase compared with last winter, according to a forecast released yesterday by the Natural Gas Supply Association.
NGSA members include Exxon Mobil Corp., BP PLC, Chevron Corp., ConocoPhillips and Anadarko Petroleum Corp., among other major energy firms.
Overall, gas supply and demand are projected to reach historic highs this winter.
Weather expectations & trends in generation should see some record use for natural gas this winter. This is a great thing for the gas companies, but by replacing coal with another fossil fuel is the snake eating the tail here and stopping real long-lasting progress towards decarbonization?