Four U.S. IGCC Projects Progress Amid Low-Priced Natural Gas
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June 19, 2013
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Dear Client,
Shale gas development has hit coal hard. According to a report released by the U.S. Energy Information Agency, coal is set to lose in the long-term vs. natural gas in the U.S. as coal plants retire, some due to newly implemented environmental regulations. Retirements of coal capacity are set to outpace new additions through 2040, the report predicts. Low prevailing natural gas prices are chiefly responsible for gas displacing coal. Other factors include higher efficiencies, resulting in lower generating costs for gas-fired power plants, and current and impending regulations on mercury and other emissions, which disadvantage coal. Proposed EPA regulations would effectively prohibit the construction of new coal-fired power plants without expensive carbon capture and storage (CCS)....Full Article
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