The expansion of natural gas — both in its application across sectors, as well as in the quantity of available, affordable supplies — is a prime example of how technological advances have enabled energy sources to adapt to the world’s changing needs.
The use of natural gas for electricity production has proven to be reliable and cost-competitive, and it can help meet the demand for cleaner energy in many sectors, including the growing demand for power generation.
New and efficient gas-fired power plants can be built in three years, and the cost of generating electricity from gas is often lower than other power generation options such as coal, wind and nuclear. Natural gas also has higher conversion efficiency than other traditional fossil fuels. For example, producing electricity using a natural gas combined-cycle turbine is about 30 percent more efficient than using a state-of-the-art coal plant.
Natural gas is also cleaner burning. When used to generate electricity, for example, natural gas can reduce CO2 emissions by up to 60 percent versus coal. Additionally, fresh water consumption for electricity production from natural gas is 40 to 60 percent lower than for electricity produced from coal.
As a result of these attributes, natural gas will play an important role for a cleaner energy mix around the world.
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