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Gas in power generation: Flat data
Jul 13: Gas suppliers are watching with some trepidation the data coming out on the fate of investments in gas turbines to generate electricity.
8The electricity sector was projected to be the biggest buyer of gas as coal fired power plants are gradually retired.
8In 2016, investments have been just steady and not rising, with bulk of it taking place in countries where gas is cheaper.
8In Europe, although 4 GW of new capacity came online based on investment decisions made years ago, retirements of gas-power plants exceeded the amount of new capacity that was given the green light for construction.
8The incremental demand for gas worldwide therefore may not come from the electricity sector anymore as renewable energy gets cheaper, leaving demand to emanate from other sources, including emerging economies.
8The biggest uncertainty today is how and when gas demand is going to ramp up globally.
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