Key to a Sustainable Energy Strategy
- Abundant: Natural gas extracted from rock and sand deposits offers enough recoverable supply to fuel the world for 250 years at current production levels, according to the International Energy Agency. The U.S. alone has a 100 years’ supply.
- Affordable: New natural gas plants produce electricity at lower costs than any other new-build electricity source, be it coal, nuclear, wind or solar, according to the EIA. Coal-fired plants are two or three times more capital intensive than gas; nuclear plants are five times more costly; and offshore wind farms are up to 15 times more expensive.
- Acceptable for the Environment: Gas is the cleanest-burning fossil fuel, with modern plants emitting 60% to 70% less CO than older facilities. Natural gas is one of the four pillars of Shell’s response to the CO challenge, along with supplying more befouls for transport fuel; progressing carbon capture and storage (CCS) demonstrations to cut CO from future fossil fuel use; and implementing energy efficiency measures in its own operations.