BG Says U.K. Forecast for Natural-Gas Demand Too Low March 3 (Bloomberg) -- BG Group Plc said U.K. natural-gas demand will be 30 percent higher than government forecasts by 2020 as wind-energy projects are delayed and aging electricity plants close, requiring more gas-fired power generation. "The projections from the U.K. government are based on an optimistic potential of renewables to deliver by 2020 and the installation of thousands of offshore wind turbines in particular," Roger Tucker, BG's senior vice president for Europe, said today at the Flame conference in Amsterdam. Britain will consume 95 billion cubic meters of gas a year by 2020, about a third more than the government's forecast, he said. The U.K. Department of Energy and Climate Change has said annual demand will be "managed down" to 73 billion cubic meters in 10 years time as offshore wind farms are built. Britain, facing dwindling North Sea gas output and aging nuclear resources, has begun a $120 billion offshore wind program to help avert an energy shortfall and meet emission targets. RWE AG, Statoil ASA and Centrica Plc were among winners of wind-farm permits in the country's January licensing round, which is designed to add 32,200 megawatts of capacity. "This is an engineering challenge equivalent to building eight channel tunnels in 10 years," Tucker said, referring to the 30-mile rail tunnel underneath the English Channel and citing Carbon Trust data.
March 3 (Bloomberg) -- BG Group Plc said U.K. natural-gas demand will be 30 percent higher than government forecasts by 2020 as wind-energy projects are delayed and aging electricity plants close, requiring more gas-fired power generation.
"The projections from the U.K. government are based on an optimistic potential of renewables to deliver by 2020 and the installation of thousands of offshore wind turbines in particular," Roger Tucker, BG's senior vice president for Europe, said today at the Flame conference in Amsterdam.
Britain will consume 95 billion cubic meters of gas a year by 2020, about a third more than the government's forecast, he said.
The U.K. Department of Energy and Climate Change has said annual demand will be "managed down" to 73 billion cubic meters in 10 years time as offshore wind farms are built.
Britain, facing dwindling North Sea gas output and aging nuclear resources, has begun a $120 billion offshore wind program to help avert an energy shortfall and meet emission targets. RWE AG, Statoil ASA and Centrica Plc were among winners of wind-farm permits in the country's January licensing round, which is designed to add 32,200 megawatts of capacity.
"This is an engineering challenge equivalent to building eight channel tunnels in 10 years," Tucker said, referring to the 30-mile rail tunnel underneath the English Channel and citing Carbon Trust data.
Also, how can there be talk of "delays" of wind-energy projects, when the licensing rounds for the North Sea parks were just in January? Are these different wind-farms than the wind-farm projects in the North Sea?
But no. Imagine my disappointment when I learned that BG was a hand-me-down from British Gas.
BG Group - Wikipedia, the free encyclopedia
BG Group's main business is exploration for and the extraction of natural gas, liquefied natural gas and to a lesser extent oil.
They couldn't possibly be spreading lies narratives in favour of their own interests, could they?
