Gas production in 2016-17-III: Renewable and not coal is the real threat now
May 04: The newest challenge for gas seems to be the challenge thrown in its way by the emerging renewable sector. 8Even in countries gas producing countries, where the price of gas is much lower than in India, renewables such as onshore wind power, solar even nuclear and bio mass sources have begun competing with gas based power. 8In India therefore, expect for its use in the regulated sectors like fertilizers under an average price regime, will the use of gas be limited to the feedstock segment, such as petrochemicals, only instead of the energy sector as a whole? 8If methane leakage is taken into account while calculating the intrinsic cost of gas, along with a carbon tax, the future of gas can become as uncertain as the use of coal. Click on Reports to find out more for the latest comparable levelized costs of competing fuels.