07-10-2012, 11:25 PM
(07-10-2012, 11:10 PM)Tree Wrote: Japan's power demand is weak on mild temperatures and slower
economic growth while utilities prefer to burn cheap and clean
liquefied natural gas (LNG) first, he said.
Yes, this has always be my theme. Apart from the growing economies and growing middle classes, LNG is substituting other energy sources because it is cleaner and/or cheaper. These are structural shifts, especially in China were gas comes from a very low base (under 5% of the overall electricity mix while gas provides some 25% of electricity generation in economically advanced countries)