Natural gas is the cheapest and fastest way for most countries to meet their growing need for energy while reducing CO2 emissions and improving air quality. As an abundantly available and accessible energy source, natural gas can meet global demand for at least the next 250 years. At the same time, natural gas is cleaner than many other fuels, emitting 50 percent less CO2 than coal.
The advantages of natural gas for power production are many. In addition to the above, natural gas plants are cheaper to build and operate than other types of power plants. Natural gas is also the best option for supporting intermittent renewable power generation.
In an increasingly electrified world, the efficiency and reliability of natural gas has the potential to power economic growth for generations to come. It is available when and where it is needed, but only if sensible and unbiased policies regulations are established.
By 2050, the worldâ€™s population is expected to reach nine billion people, nearly one-third more than today. Amid this growth in population, energy demand is likely to double alongside rising living standards. Meanwhile, emissions need to be reduced significantly to mitigate the most serious effects of climate change.
Natural gas is the energy will help address these issues. It can be used for power generation, via combined cycle gas and cogeneration power plants, as well as in micro turbine installations - to keep the lights on all across the world.
How we make a difference
The Bonny Utility Company is a mini utility services company operating on Bonny Island in Nigeria that was established in 2001 to address the energy needs of urban communities living in the vicinity of the Joint Industry Committeeâ€™s operations. Prior to the BUC, those communities had long faced problems with unreliable power supply and depended heavily on diesel generators, which caused noise and air pollution and fell short of providing an environment conducive to social and economic development.