Growth in shale gas production has more than cut the average cost of natural gas for electricity producers in the past decade, which has led to an increase in gas-fueled electricity production, according to a study by the Norwegian research firm Rystad Energy.
Rystad forecasts that natural gas-fueled electricity generation will reach a record 38 percent share of total
Rystad also predicts that natural gas prices will remain low for the next couple of years.
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