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NASDAQ reported that the North American natural gas prices likely to remain at depressed levels throughout the fall and may also decline even further as hurricane season draws to a close.
NASDAQ reported that the North American natural gas prices likely to remain at depressed levels throughout the fall and may also decline even further as hurricane season draws to a close.
The market news is quoted as saying:
The cleanest-burning fossil fuel, natural gas should continue to win market share from coal, a transition hastened by stricter restrictions on carbon dioxide (CO2) emissions. Given the opposition to the construction of new nuclear reactors, natural gas-fired plants remain the best option to boost baseload power while reducing the amount of CO2 released into the atmosphere.
But the game changer for US natural gas demand would be increased adoption of NGVs in the commercial trucking industry. Although this transition would reduce energy costs and CO2 emissions, the amount of infrastructure investment needed to support widespread adoption of NGVs in the US is a significant challenge that will take some time to overcome.