Role of Coal & Natural Gas in World Power Generation Discussed in New Research Paper Published at MarketPublishers.com12 Mar 2012 • by Natalie Aster
LONDON – Last year, global coal consumption was nearly 8 billion tons, and is expected to reach over 12 billion tons annually by 2030. Although China’s annual coal growth will slow dramatically, the country consumption of coal is expected to increase from 3.5 billion tons, currently, to 4 billion tons by 2015. Over the next several decades, coal will continue to be the world’s dominant fuel for power generation. Metallurgical coal or coking coal will be in great demand, as the demand for steel witnesses a dramatic rise in Asian markets. By 2025, natural gas is executed to replace coal as the leading fuel used for power generation in the U.S. It will also be playing a larger role in the U.S. by being a substitute for diesel oil. Australia is expected to rival Qatar as the major natural gas exporting country, with the country’s annual liquefied natural gas (LNG) output likely to reach 80 million tons by 2017.
New research paper “Coal's Global Power Generation Dominance & The Growing Importance Of Natural Gas” developed by Renaissance Analytics is aimed at explaining why coal continues to dominate global power generation, as well as highlighting the growing importance of natural gas. It discusses major global coal producers, some of the major recent coal transactions, leading coal consuming nations, including China, India, the U.S., and Japan. Furthermore, the report explains how natural gas is becoming a more prominent hydrocarbon, globally. The report examines the U.S. natural gas market, and recent LNG supply contracts, several countries supplying LNG, and some of the major LNG projects currently under development in Australia. Coal’s environmental impact, and a description of three of the top U.S. coal producers – Peabody Energy, Arch Coal, & Alpha Natural Resources, can also be found in the study.
Coal's Global Power Generation Dominance & The Growing Importance Of Natural Gas
Published: February, 2012
Price: US$ 475,00
More new studies by the publisher can be found at Renaissance Analytics page.