2/8/22, 9:01 AM
What is the Future of Natural Gas? - Nikolas Perrault | Montreal, Canada
What is the Future of Natural Gas?
Though the general state of the energy industry is in constant flux, from changing oil prices to the rise of more affordable renewable energy, natural gas has been long thought of as a viable option to improve decarbonization. As such, it is likely that it is not going anywhere in the immediate future. However, some believe that gas is an ineffective stopgap when it comes to transitioning to cleaner energy. The reality is somewhat more complicated; the need for gas in certain industries, such as transportation, will fuel demand while industries simultaneously try to implement new solutions. Gas is versatile in how it is used, as opposed to other energy sources such as oil and coal that are predominantly only used in one sector. In many of these cases, gas may come to capture more of a market share as it supplants these other sources. In others, it may not be widely adopted or passed over in favor of renewable alternatives. Infrastructure plays a role in the latter scenario; some countries simply lack the foundation to distribute gas, making the barrier to entry much higher than other markets. Even the idea of gas as a cleaner alternative is marred by fugitive emissions and venting that can still leave a sizable carbon footprint. It’s possible that the industry, were it to adapt to these issues, would have a better case for seizing parts of the market from oil and coal, but it needs to be managed first. Regardless, the adoption of gas over coal delivers clear environmental benefits and could be what the gas industry needs to get its foot in the door in certain sectors. nikolasperrault.net/what-is-the-future-of-natural-gas/
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