New eBook launched ahead of Gastech 2023 as global competition to secure LNG supply remains intense
SINGAPORE, Sept 4 (Bernama-BUSINESS WIRE) -- The urgency to increase liquefied natural gas (LNG) production and improve the security of supply will be central themes at Gastech 2023 in Singapore as the world faces volatile impacts from climate change and the challenge of ensuring a reliable and sustainable energy supply.In its new eBook, LNG: Fueling the Future, Black & Veatch examines the role LNG will play in the future of the global energy landscape. It details how the industry must scale beyond its current production capacity to balance increasing levels of renewable energy alongside near- and long-term consideration of alternative clean energy solutions, including hydrogen, nuclear, energy storage and carbon capture.
"Global economies are in the process of transitioning from a carbon-based economy to an electron- and molecule-based one. Finding the right energy mix for near-term requirements and long-term change will be critical,” said Mario Azar, Chairman and CEO, Black & Veatch.
“Liquefied natural gas is essential to moving the world towards a low-carbon future at a faster pace by stabilizing grids and enhancing their resilience,” added Narsingh Chaudhary, President, Asia Pacific and India, Black & Veatch.
Across maritime nations, including those throughout the Asia Pacific, LNG demand is growing as an energy source for large-scale gas-fired power generation. LNG for baseload power can bridge the gaps between the retirement of coal-fired power assets, the speed of renewable energy penetration and the emergence of newer and alternative clean energy solutions.
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