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LNG prices spurt-IV: Snippets
Jan 24: The majority of the respondents in a recent global study believed that technological progress in renewables and battery storage would have a greater influence on gas demand than carbon reduction targets.
8Gas has already become an unviable fuel for the power sector, leaving demand to emanate from the highly fragmented industrial sector. Given the dynamics of this sector and its sensitivity to gas prices, it is has become extremely difficult for the gas sector, accustomed to operating with 15–30 year long-term contracts, to plan for 2025, let alone 2050.
8There seems to be little pressure on the Indian policy maker to seek a changeover to gas despite dangerous levels of pollution in the air. Does this mean that he is waiting for a switchover to electric vehicles rather than CNG fired vehicles to clear the air?
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