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The US is still the global natural gas king




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On Monday, May 21, 2018, workers will look at liquefied natural gas tanker LNG Sakura at the Negishi LNG terminal of the Tokyo Gas Co. in Yokohama, Tokyo, Japan Tokyo Gas today received Japan's first LNG shipment from Dominion Energy's Cove Point project. Photographer: Tomohiro Ohsumi / Bloomberg

Data from 201

8 BP Statistical Review of World Energy show that the US maintained a healthy lead over the past year as the global natural gas power plant.

In 2017, the US produced an average of 71.1 billion cubic feet per day (Bcf / d) of natural gas in 2016 production, but not quite good enough to beat the record of 71.6 bcf / t in 2015.

That was still good enough to account for 20.0% of global natural gas production.

Shale gas returns to the US above

To the production count In the United States, gas production for the entire Middle East was 63.8 bcf / d. Russia, second among the countries, increased its natural gas production by 8.2%, but was still well behind the US at 61.5 bcf / d

Natural gas production 1970-2017 Robert Rapier

The USA had dominated global natural gas production until the 1980s and at that time gave up leadership to Russia. However, the Middle East has increased its natural gas production much faster over the past 50 years and will take the lead in the next ten years.

U.S. Natural gas production declined until the fracking boom that began in the middle of the past decade. Production in the US increased by a staggering 51% from 2005 to 2015, pushing the US back into world leadership.

U.S. Consumption has also grown rapidly as power plants have become increasingly focused on natural gas as a substitute for coal-fired power plants and as a replacement for new renewable capacity.

U.S. Pat. Gas exports skyrocket

Another important natural gas market in the US was export via both the pipeline and liquefied natural gas (LNG). LNG exports from the US reached 1.7 Bcf / d in 2017, equivalent to about 2.4% of US natural gas production. Mexico received nearly 22% of these exports, while the Asia-Pacific region received 41%.

Pipeline exports amounted to 6.3 Bcf / d, or 8.9% of daily US production. Despite the rhetoric of trade warfare, Mexico remains the most important target for US natural gas exports and receives 64% of the total.

Exports to Mexico continue to grow rapidly. Last week, RBN Energy reported that pipeline exports to Mexico broke 5.0 bcf / d for the first time in early July.

U.S. Natural Gas Exports to Mexico RBN Energy

Reserves signal a warning

The US may lead the world in natural gas production for several more years, but the level of proven natural gas reserves suggests that ours Projection could be short-lived.

The Middle East's proven reserves of natural gas at the end of 2017 were 2.8 quadrillion cubic feet, nearly ten times the proven US reserves of 309 trillion cubic feet. Prospectively, proven US reserves account for only 4.5% of the global total.

Russia has more proven natural gas reserves than any other 1.23 quadrillion cubic feet country, followed by Iran at 1.17 quadrillion cubic feet. The total proven natural gas reserves will be sufficient by the end of 2017 to meet the global production rates of 2017 for 52.6 years.

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Workers are viewing the LNG Sakura liquefied natural gas tanker at the Negishi LNG Terminal of the Tokyo Gas Co. in Yokohama, Japan, on May 21, 2018. Tokyo Gas received Japan's first LNG delivery of The Cove Point project of Dominion Energy was featured today in a report by photographer: Tomohiro Ohsumi / Bloomberg

Data from the BP statistic from 2018 show that the US remained healthy last year than the global lead Natural gas power plant.

In 2017, the US produced an average of 71.1 billion cubic feet per day (bcf / d) of natural gas, an increase of 1.0% over 2016, but not quite good enough beat the record of 2015 71.6 Bcf / T

That was still good enough to account for 20.0% of global natural gas production.

Shale gas brings the US back to the top

US production figures in perspective , Natural gas production for the entire Middle East was 63.8 Bcf / d. Russia, second among the countries, increased its natural gas production by 8.2%, but at 61.5 Bcf / d was still well behind the US

Natural gas production 1970-2017 Robert Rapier

The USA had The global natural gas production dominated until the 1980s and at that time gave the leadership to Russia. However, the Middle East has increased its natural gas production much faster over the past 50 years and will take the lead in the next ten years.

U.S. Natural gas production declined until the fracking boom that began in the middle of the past decade. Production in the US increased by a staggering 51% from 2005 to 2015, pushing the US back into world leadership.

U.S. Consumption has also grown rapidly as power plants have become increasingly focused on natural gas as a substitute for coal-fired power plants and as a replacement for new renewable capacity.

U.S. Pat. Gas exports skyrocket

Another important natural gas market in the US was export via both the pipeline and liquefied natural gas (LNG). LNG exports from the US reached 1.7 Bcf / d in 2017, equivalent to about 2.4% of US natural gas production. Mexico received nearly 22% of these exports, while the Asia-Pacific region received 41%.

Pipeline exports amounted to 6.3 Bcf / d, or 8.9% of daily US production. Despite the rhetoric of trade warfare, Mexico remains the most important target for US natural gas exports and receives 64% of the total.

Exports to Mexico continue to grow rapidly. Last week, RBN Energy reported that its pipeline exports to Mexico exceeded 5.0 Bcf / d for the first time in early July.

U.S. Natural Gas Exports to Mexico RBN Energy

Reserves signal a warning

The US may lead the world in natural gas production for several more years, but the level of proven natural gas reserves suggests that ours Projection could be short-lived.

The Middle East's proven reserves of natural gas at the end of 2017 were 2.8 quadrillion cubic feet, nearly ten times the proven US reserves of 309 trillion cubic feet. Prospectively, proven US reserves account for only 4.5% of the global total.

Russia has more proven natural gas reserves than any other 1.23 quadrillion cubic feet country, followed by Iran at 1.17 quadrillion cubic feet. The total proven natural gas reserves will be sufficient by the end of 2017 to meet the global production rates of 2017 for 52.6 years.


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