By Charles Kennedy
At a recent petrochemical conference in Pasadena, Exxon Mobil Corp predicted that by 2040 natural gas will be used to generate 25% of the world’s electricity, and overtake coal to become the second most popular fuel source after oil.
Lynne Lachenmyer, a senior vice president at Exxon Mobil, claimed that natural gas “is penetrating into the power sector, which has been predominantly coal in the past. We see it making tremendous inroads there.”
