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Rationale shift to (L)NG $/MMBtu

 Reduction of energy costs  Capitalizing on the increasing spread between oil and natural gas price  Using gas as more efficient fuel

Source: EIA 2010

RES

 Improving security of supply

Illustrative Oil

 Fuel mix diversification (disruptions, price exposure)

Electricity

 Balancing intermittency of renewable energy Natural gas

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