Forbes - The U.S. Is Still The Global Natural Gas King

July 29, 2018 – Forbes

The U.S. Is Still The Global Natural Gas King

By Robert Rapier

Data from the 2018 BP Statistical Review of World Energy show that last year the U.S. maintained a healthy lead as the global natural gas powerhouse.

Read the full article here: https://www.forbes.com/sites/rrapier/2018/07/29/the-u-s-is-still-the-global-natural-gas-king

U.S. Gas Exports Are Surging

Another important outlet for U.S. natural gas production has been exports, both via pipeline and as liquefied natural gas (LNG). LNG exports from the U.S. reached 1.7 Bcf/d in 2017, equivalent to about 2.4% of U.S. 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 U.S. daily production. Despite trade war rhetoric, Mexico remains the most important destination for U.S. natural gas exports, receiving 64% of the total.

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