Natural Gas Power Has Sound Future
The long-term prospects for natural gas fired power are “sound,” especially in North America and Europe, according to research from Frost & Sullivan.
Because of its relatively clean burning characteristics and flexible operating capabilities, gas-fired power generation should grow across the globe. Further, an increasingly negative view of coal in developed regions, high natural gas availability and extremely low natural gas prices in North America, and the shale gas production boom are all leading to the replacement of many coal-fired plants with natural gas based plants.
