CURRENT Gas Producers Lose Argument as Europe's Utilities Stick to Coal

摘要

Oil and gas producers making natural gas a bigger part of their portfolios are looking to power generation as an outlet, saying natural gas is a better back-up for renewables than coal in the transition to a lower-carbon world. In Europe, they may be too late. A number of utilities are already making it clear that natural gas is no longer an integral part of their business plans, and that they will continue to rely on coal while putting more money into renewables.