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Gas Needed to Ensure Power Supply Amid Energy Transition: Jera

NATURAL GAS

Asia will require more natural gas to ensure power supply amid the energy transition away from dirtier coal, according to Jera via Bloomberg.

  • “We need natural gas, or LNG, to be placed” in the Asian economy, said CEO Toshiro Kudama, “It’s hard to support the economic growth of this region” with intermittent renewable sources.
  • “It’s not very realistic or very practical to transition immediately from coal to renewable energy resources,” said Yao Lixia at the National University of Singapore. “So the most immediate solution may be natural gas.”
  • Some other major energy producers are also calling for investment in gas with Chevron Corp. and Shell Plc seeing a long-term role for gas in the energy transition.

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