Sunday, July 12, 2015

Energy Sector Shifting To New Natural Gas Projects

"[The] global energy sector is in the midst of a [tectonic] plate shift, a change in emphasis from oil to natural gas and alternative power." For example, in Snyder County, Pennsylvania, a 1,000 MW natural gas fueled power project. "In the 2014 fourth quarter, market data firm SNL Financial announced 29 coal plants in 10 states had switched to natural gas or biomass over the past four years" while 54 more are expected to convert in the next nine years.

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