Market dynamics in Industrial Gas Turbines used for electricity generation: Global natural gas market dynamics with a possible focus on particular regions (to be defined and agreed as research progresses). Forecast gas demand for power generation and influence on the IGT newbuild market.
The energy market is facing an era of huge uncertainty. Major transformations in both demand and supply dynamics, and changes in economical and political positions have taken place in the last few years. The competitiveness of gas in levelised plant costs is primarily dependent on the cost of fuel. The supply and price of gas to individual markets will therefore play a decisive role in plant technology choice.