LNG liquefied natural gas limited

New gas-fired power is not essential for a grid increasingly...

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    New gas-fired power is not essential for a grid increasingly based on renewable energy, and gas prices will need to stay low if it is to compete with alternatives, according to the government agency responsible for the electricity system.The Australian Energy Market Operator (Aemo) has released a roadmap detailing what an optimal national electricity market would look like to 2040 if it was designed with a focus on security, reliability and the lowest cost for consumers.Its integrated system plan, the result of 18 months consultation and analysis, describes a diverse system built on large and small-scale renewable energy supported by a range of “dispatchable” power sources that can be turned on and off when needed.It says renewable energy may at times provide nearly 90% of electricity by 2035, the amount of gas-fired power will fall as pumped hydro and batteries come online and there is no place for new coal-fired generation.

    https://www.theguardian.com/australia-news/2020/jul/30/gas-prices-will-need-to-stay-low-to-compete-with-alternatives-on-renewable-grid-operator-says

    That's why LNG is a dead end.
 
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