Bloomberg reported that Shell has said that, in order to remain competitive with coal and other energy sources, they need to be able to achieve $120 per ton of carbon dioxide for natural gas.
As quoted in the market report:
European electricity generators reduced purchases of gas by about 2.3 billion cubic feet a day this year, or about 3.8 percent of Europe’s total consumption, because of cheaper U.S. coal shipments, according to Andy Brown, upstream director at Shell.
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