Panel: Future of Natural Gas in an Emerging Renewables Economy
The emergence of grid scale battery storage in combination with a growing share of renewable generation represents a real threat to natural gas’s reign as the fuel of choice to supply power to the grid. Already the competition between renewables and natural gas is limiting the potential for natural gas demand growth in the Rockies and greater Western United States, just look at the stagnant growth in natural gas export to states like California. Lack of demand bottlenecks supply, which means lower prices for producers. Where is the balance and what does the future hold for natural gas production in the region?