Why Natural Gas Won’t Be Replaced Anytime Soon ...Middle East

“Gas will be a repeat of coal but quicker. When we look at power generation, you can see that going really, really quickly.” This is what the head of company search at the Carbon Tracker Initiative told Bloomberg this month in comments on the future of natural gas in Europe, as news outlet reported that some large European utilities are having trouble finding buyers for their gas-fired plants. The report cites Spanish Iberdrola as struggling to find buyers for gas plants. It also cites Italy’s Enel as planning to add more gas-fired…

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