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Natural Gas and LNG

Natural Gas is seen as a good source of electricity supply for a number of economic, operational and environmental reasons: it is low-risk (technically and financially), lower carbon relative to other fossil fuels, and gas plants can be built relatively quickly in around two years.

Gas power plants are flexible both in technical and economic terms, so they can react quickly to demand peaks, and are ideally twinned with intermittent renewable options such as wind power. Over the course of a month, various spikes in demand have a sizeable knock-on effect on the cost of delivering electricity, so having a source of energy namely gas which can cope with these spikes is a significant advantage.

Fast facts

2.4%

Natural gas will continue to increase its share of the global energy mix, growing at 2.4% per year until 2018.

Src. International Energy Agency 2012