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Coal, Renewable Energy Still Retain Cost Edge over Natural Gas in Europe
Dec. 07, 2012 08:39AM PST
Industrial MetalsBloomberg 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.
Bloomberg reported that Shell has said that, in order to remain competitive with coal and other energy sources, they need to be able to achieveĀ $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 Europeās total consumption, because of cheaper U.S. coal shipments, according to Andy Brown, upstream director at Shell.