© Getty Images
The “golden age of gas” has not turned out quite as the forecasters and the gas producers who promoted the slogan a few years ago expected.
Gas was supposed to be the irresistible fuel of the future. After the disaster at Fukushima, nuclear power stations across Japan were closed and natural gas imports surged with the result that prices in the north Asian market more than doubled, at times touching $20/mmbtu. Gas was the safe, reliable fuel and it was cleaner than coal – making it the obvious replacement as the world became more serious about tackling the risks of global warming and climate change.
Read more
