Following last week’s Texas debacle, common sense suggests that every form of energy—fossil fuels, nuclear, and renewables—are, and will be, critical to fuel the world in the foreseeable future. Not one, not two, but all the above at work to power and heat homes and industries, avoid catastrophic outage events, and still reduce emissions. Reese Energy Consulting today is studying the latest news from the IEA that sets out the huge role natural gas will continue to play as both a primary and transitional fuel well into 2050. According to the report, U.S. gas consumption by the industrial sector alone will increase by 3.6 TCF—or 35%–between 2020 and 2050 and account for more than 75% of the 4.6 TCF growth in production. Our fast-growing chemicals industry will consume a mighty chunk of that gas for use as feedstock with the power sector following close behind. The IEA also expects natural gas to pick up more steam beyond 2040 as the dominant fuel for heavy-duty vehicles, freight rail, and LNG production.
What do you think? Learn more about Reese Energy Consulting and our range of natural gas services and decades-long expertise at www.ReeseEnergyConsulting.com.