Many of the new power plants built in this country since the demise of nuclear power (in the last 20 years) have been gas plants and many older coal plants can also burn gas depending on the price of coal vs gas. Gas plants are faster to build and are good "peaking" generators and are very modular.
A few years ago there was a worry about a shortage of gas because all new power plants being built were gas plants.
If I were either a producer of gas or power, I would enter in to a long term contract for gas. I would develop a field AFTER I had a contract. As a power producer I would garentee myself a steady supply at a set price that wouldn't have the volatility that gas usually has.
Many of the new power plants built in this country since the demise of nuclear power (in the last 20 years) have been gas plants and many older coal plants can also burn gas depending on the price of coal vs gas. Gas plants are faster to build and are good "peaking" generators and are very modular.
A few years ago there was a worry about a shortage of gas because all new power plants being built were gas plants.
If I were either a producer of gas or power, I would enter in to a long term contract for gas. I would develop a field AFTER I had a contract. As a power producer I would garentee myself a steady supply at a set price that wouldn't have the volatility that gas usually has.
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