• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 1 day "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 20 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 hour "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 9 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 1 hour The Federal Reserve and Money...Aspects which are not widely known
  • 4 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 8 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 8 hours "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 7 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 8 days Goldman Betting on Cryptocurrencies
  • 11 days Сryptocurrency predictions
Robert Rapier

Robert Rapier

More Info

Premium Content

The U.S. Is Determined To Dominate Global Natural Gas Markets

This article is the third in a series on the BP Statistical Review of World Energy 2020. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Previous articles covered overall energy consumption and petroleum supply and demand.

Today, I want to cover the production and consumption of natural gas.

Natural gas is the cleanest of the fossil fuels. It is also fastest-growing fossil fuel, with a global 2.6 percent average annual growth rate over the past decade.


In comparison, oil grew at a rate of 1.3 percent over the past decade, and coal grew globally at 0.8 percent. Looking ahead, natural gas is projected to be the only fossil fuel that will see substantial demand growth over the next two decades.


Over the past decade, the U.S. shale gas boom propelled the U.S. into the global lead among natural producers. In 2019, the U.S. held a commanding 23.1 percent share of global natural gas production, well ahead of Russia (17.0 percent) and even the entire Middle East (17.4 percent).

The Top 10 producers of natural gas accounted for 70 percent of the world’s natural gas supply in 2019. U.S. production grew 10.2 percent last year to 89.1 billion cubic feet (BCF) per day, which was 88 percent higher than in 2005. In fact, last year’s production was more than the combined production of any other two countries in any year ever.

Over the past decade, U.S. natural gas production has grown at an average annual rate of 4.4 percent. During that time period, that actually lags the average annual growth rate in Australia (12.1 percent), Qatar (8.3 percent), and China (7.2 percent).

Given that natural gas isn’t as easily transported as oil, it shouldn’t be a huge surprise that there is a lot of overlap between natural gas producers and consumers. The Top 6 consumers of natural gas are all listed among the Top 10 producers as well.


The surge of natural gas production in the U.S. has also launched the U.S. into first place globally in natural gas liquids (NGL) production. The U.S. has a 40 percent global share of NGL production, with most of the NGLs destined for refineries or petrochemical production.

However, because the U.S. consumes most of the natural gas it produces, it lags two other countries in the export of liquefied natural gas (LNG, which is different than NGL). Qatar is in first place globally with a 22.1 percent share of LNG exports, followed by Australia (21.6 percent), the U.S. (9.8 percent), Russia (8.1 percent), and Malaysia (7.2 percent).

But the U.S. is the world’s fastest-growing LNG exporter, with a 40 percent average annual growth rate over the past decade (and a 66 percent increase from 2018 to 2019). For perspective, last year the U.S. was the 3rd largest LNG exporter, but just five years earlier the U.S. ranked 18th globally in LNG exports.

In the next installment, we will examine the world’s coal markets.

By Robert Rapier

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News