Market situation
A
year ago, Axford Turbine Consultants (
www.axfordconsulting.com
) predicted that GT orders for
U.S.
job sites would be down 9 percent and worldwide orders would rise by 7 percent. As it turned out, he underestimated the weakness in the
U.S.
market where orders fell by 17 percent. Worldwide total orders went up by 7.5 percent. He apologized for the bad news for
North America
. “This is like telling folks their kids are ugly,” he said. “The American gas turbine market is running more than 25 percent below pre-recession levels.”
Which fuel – coal, natural gas or nuclear - will prevail in the future and why? That question was addressed at the April 5th
New York City
meeting of the Center for Energy Policy and the Environment. Robert Bryce, Senior Fellow at the Center, chaired the opening session. Natural gas earned the panels’ most positive outlook. “Five years ago we thought we’d have to import 20% of our natural gas,” said John Harpole, President, Mercator Energy. But technological breakthroughs have unlocked massive quantities of natural gas from shale deposits that were previously thought to be uneconomic. In January, the International Energy Agency estimated global gas resources at 32,000 trillion cubic feet, the energy equivalent of about 6 billion barrels of oil.
(More in the May/June 2011 issue)
CO2 Compressor Solutions for Carbon Reduction Initiatives
December 23rd 2024In this paper, we will explore the multifaceted challenges associated with handling CO2, the advanced technologies within Mitsubishi Heavy Industry Compressor’s growing portfolio and how our expertise is driving the transition towards a carbon-neutral society.
