A future without gas?
Traditionally, energy generation was solely based on the principle of burning things, a practice that was considered the only way to power economic activity. Hundreds of years since the start of the Industrial Revolution, we are now in the throes of a major shift away from fossil fuels towards renewable energy. Meanwhile, the combustion of coal, gas and oil persists, like a hangover from the past.
Natural gas, consisting of methane, is mined both from conventional fields and via unconventional operations targeting coal seam gas, shale gas and tight gas (gas trapped in rock). In Australia, the reticulated gas grid is largely limited to metropolitan areas, while in New Zealand it serves population centres on the North Island. LPG (liquefied petroleum gas) is a different fuel largely made up of butane and propane and is commonly used in areas that the natural gas network does not reach. Major uses of gas include power generation, heating, manufacturing and as a transport fuel.
The climate impacts
As part of the urgent effort to act fast on climate change, the world has put the brakes on coal and is starting to also turn its back on gas. Investment funds, banks and insurance companies are moving to align with the goals of the
You’re reading a preview, subscribe to read more.
Start your free 30 days