Role of natural gas in shaping energy sector trends
Role of natural gas in shaping energy sector trends
– Natural gas is considered a cleaner alternative to coal and oil.
– Plays a pivotal role in transitioning to low-carbon energy systems.
Key Sectors Driving Demand
– Power generation, industrial applications, and residential heating.
– Increasing use in transportation as compressed natural gas (CNG).
Global Shift Towards LNG
– LNG enables long-distance transport and global trade.
– Rising investments in LNG terminals are boosting energy infrastructure.
Natural Gas and Renewable Energy Integration
– Provides backup for intermittent renewable energy sources like wind and solar.
– Ensures grid stability during peak demand periods.
Future Outlook for Natural Gas
– Increased focus on reducing methane emissions for sustainability.
– Emerging technologies like hydrogen blending are expanding its potential.