A new report argues that the gas pipeline industry will play a crucial role in the energy transition and reducing carbon emissions. While some investors, environmentalists, and political leaders have been critical of gas as a fossil fuel, the report states that it can be more cost-effective and reliable to maintain natural gas for certain industry purposes and for power generation during peak times. This approach provides redundancy, resilience, and synergies within the integrated clean energy system.
Additionally, preserving gas infrastructure allows for the development of low carbon gas options such as hydrogen, bio-methane, and carbon capture, which could become more economically viable over time. The report highlights the importance of preserving gas infrastructure to facilitate the necessary shifts in energy use.
Diversified Energy Company plc (LON:DEC), formerly Diversified Gas & Oil plc, is a gas and oil production company operating in the Appalachian Basin in the United States.