The Future of Gas-Fired Power Generation: Growth opportunities, market risk and future technologies

Table of Contents

Executive Summary

• Introduction
• The natural gas resource
• The logistics of gas supply
• The natural gas market
• Gas-fired power generation technology
• The economics of gas-fired power generation
• The future of gas-fired power generation

Chapter 1 An introduction to gas-fired power generation

• Introduction
• Natural gas for power generation
• Gas price and security
• Liquefied natural gas
• Market liberalization
• The report

Chapter 2 The natural gas resource

• Introduction
• Proven global reserves
• National reserves
• Global natural gas production
• National production
• Future natural gas resources and production

Chapter 3 The logistics of gas supply

• Introduction
• Natural gas transportation systems
• Peaks, troughs and storage capacity
• Storage and marketeering
• Pipeline networks
• Liquefied Natural Gas
• Natural gas consumption
• Existing consumption patterns
• Future demand

Chapter 4 The natural gas market: market liberalisation and its effects

• Introduction
• Liberalization of the gas market
• Operation of gas markets
• Global market
• LNG and the global market
• Political issues
• Security of supply

Chapter 5 Gas-fired power generation technology

• Introduction
• Gas-fired steam turbine plants
• Gas reciprocating engines
• Gas turbines
• Combined cycle
• Gas turbine cogeneration
• Gas turbine manufacture and installation
• Fuel cells
• Environmental considerations
• Alternatives to natural gas

Chapter 6 The economics of gas-fired power generation

• Introduction
• Capital costs
• Fuel costs
• The cost of carbon capture
• Fuel price prediction and volatility

Chapter 7 The future for gas-fired power generation

• Introduction
• Growth predictions
• The turning point for gas-fired power generation

List of Figures

• Figure 1.1: Gas-fired electricity generation by nation (TWh)
• Figure 2.2: Share of global proven natural gas reserves by region 2004
• Figure 2.3: Growth of natural gas production by region 1994-2004
• Figure 2.4: Production of natural gas in the US (bcm)
• Figure 2.5: Production of natural gas in the United Kingdom (bcm)
• Figure 3.6: Share of natural gas consumption 2004 (bn cubic metres)
• Figure 3.7: Natural gas production and consumption by region in 2004 (bn cubic metres)
• Figure 4.8: Gas use for power generation in the US (million cubic metres)
• Figure 5.9: Electrical generation efficiencies of natural gas-fired power generation units
• Figure 6.10: US power generation from natural gas (GWh)
• Figure 6.11: Gas-fired output in nine major gas markets in the EU (TWh)
• Figure 6.12: Comparison of US/UK cost of gas 1994-2004
• Figure 7.13: Predicted global natural gas consumption (trillion cubic metres)
• Figure 7.14: Additional gas-fired generating capacity 2002-2025

List of Tables

• Table 1.1: Gas-fired electricity generation by nation (TWh)
• Table 2.2: Global proven natural gas reserves by region (trillion cubic metres)
• Table 2.3: Proven natural gas reserves by country (trillion cubic metres)
• Table 2.4: Natural gas production by region (bn cubic metres)
• Table 2.5: Natural gas production by country (bn cubic metres)
• Table 2.6: Production of natural gas in the US (bcm)
• Table 2.7: Production of natural gas in the United Kingdom (bcm)
• Table 3.8: Natural gas consumption by region (bn cubic metres)
• Table 3.9: Natural gas production and consumption by region in 2004 (bn cubic metres)
• Table 3.10: Natural gas consumption by country (bn cubic metres)
• Table 4.11: Gas use for power generation in the US (million cubic metres)
• Table 4.12: US commercial gas prices (annual January price, $/thousand cubic feet)
• Table 4.13: UK average wholesale natural gas prices ($/thousand cubic feet)
• Table 5.14: Electrical generation efficiencies of natural gas-fired power generation units
• Table 5.15: Comparative emissions of carbon dioxide from fossil fuels with the same energy input compared to natural gas
• Table 6.16: US power generation from natural gas (GWh)
• Table 6.17: Gas-fired output in nine major gas markets in the EU (TWh)
• Table 6.18: Capital cost comparisons for different types of new power plant (US$/kW)
• Table 6.19: Cost of gas for power generation in the US ($/GJ)
• Table 6.20: Cost of gas for power generation in the UK ($/GJ)
• Table 7.21: Predicted global natural gas consumption (trillion cubic metres)
• Table 7.22: Additional gas-fired generating capacity 2002-2025 (MW)