The case for gas - Sabeur Mansar - Shell - IPIECA
The case for gas - Sabeur Mansar - Shell - IPIECA
The case for gas - Sabeur Mansar - Shell - IPIECA
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NATURAL GAS OUTLOOK<br />
NATURAL GAS DEMAND GROWTH<br />
ATTRACTIVE ECONOMICS FOR<br />
ELECTRICITY PRODUCERS<br />
BCM<br />
3,500<br />
Wind Offshore (75 km)<br />
3,000<br />
Wind Offshore (25km)<br />
2,500<br />
Wind Onshore<br />
2,000<br />
1990 2000 2010<br />
Nuclear<br />
Coal<br />
NATURAL GAS ADVANTAGE: EXAMPLE CCGT<br />
CCGT<br />
0 100 200 300<br />
USD/MWh<br />
Abundant global <strong>gas</strong> resources ~250 years<br />
reserves at current production<br />
CCGT: <strong>gas</strong>-fired power compared to coal:<br />
• 30% more energy efficient<br />
• Emit around half the CO2<br />
• CCS retrofit at similar cost per MWh<br />
CAPITAL COST<br />
TOTAL COSTS<br />
• Better complement to renewable energy<br />
Copyright of Royal Dutch <strong>Shell</strong> plc Date 01/12/2012<br />
CCGT: Combined Cycle Gas Turbine<br />
Total Cost = Capital + Fuel + Operating<br />
Source: DECC (Mott MacDonald) June 2010<br />
4
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