Today’s reality is that the US has enough natural gas to meet growing demand, allowing the country to focus on domestic uses and export possibilities.
In 2005, the US EIA forecast that US demand for natural gas would be met by importing greater volumes of the fuel in the form of LNG. Specifically, net LNG imports were expected to rise to 10% of consumption in 2010 and to 20% in 2025.
Six years later, however, the data for 2010 indicate that net LNG imports were less than 2% of US natural gas consumption, while domestic production has far exceeded earlier forecasts. These unanticipated changes are the result of new production of natural gas from shale resources, a phenomenon that is changing the energy landscape.
Today, the US has a growing supply of domestic natural gas that can power the country for generations to come. According to t
Log in to view this article.
Not Yet A Subscriber? Here are Your Options.
1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.
2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.
3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription. For information about group rates or multi-year terms, contact email Peter Ramsay or call +44 20 3409 2240*.
*Access will be granted the next business day.