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Natural Gas Risks Becoming Too Pricey in Climate Change Battle

Dec. 6, 2017, 2:38 PM

Natural gas risks becoming too expensive for its own good.

International price benchmarks may rise about 25 percent by the mid 2020s, when a glut of liquefied natural gas is expected to dissipate and tighten global gas supplies, according to the Oxford Institute for Energy Studies.

Rising costs are likely to make gas increasingly uncompetitive against solar, wind and battery storage technologies, undermining its role as a “transition fuel” between coal-fired generation and renewables beyond 2030, Jonathan Stern, chairman and senior research fellow of the Natural Gas Research Program at OIES, said in an emailed report. At the same ...