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Natural Gas a Powerful Force, Despite Industry Headwinds

April 1, 2020

Via: PowerMag

There is plenty of natural gas in the U.S., and indeed the world. Prices for the fuel continue at historic lows, with weeks at levels below $2/MMBtu in the U.S., as the supply of gas has far outstripped demand.

That’s good news for natural gas customers, not so good for natural gas producers. And while natural gas is the leading fuel when it comes to power generation in the U.S.—the Department of Energy said it accounted for about 37% of electricity produced last year—it is lower prices for other energy sources, notably renewables such as solar and wind power, that threaten its market share.

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