• 5 minutes China Faces Economic Collapse
  • 8 minutes ZeroHedge: Oil And Gas Bankruptcies To Accelerate As $137 Billion Debt Matures Over Next Two Years
  • 11 minutes Trump Will Win In 2020
  • 14 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 42 mins Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 8 mins Never Bring A Rapier To A Gun Fight
  • 9 hours The Belt & Road Initiative: A Wolf in Sheep's Clothing?
  • 1 hour Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 3 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 7 hours USAvChina.com
  • 12 hours Aramco Production
  • 38 mins Democrats and Gun Views
  • 1 hour Lest We Forget... A Brief Timeline of China's Modern History
  • 13 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 56 mins Iran in the world market
  • 2 hours Visualizing US Oil & Gas Production (Through May 2019)
  • 12 hours Oil Slide Worries Traders. *relax* This Should Get Sorted by Year End.
Alt Text

U.S. And Russia Battle It Out Over This Huge Iraqi Gas Field

The geopolitically strategic gas field…

Alt Text

Can China Double Its Gas Output By 2040?

China is scrambling to double…

Robert Rapier

Robert Rapier

More Info

Premium Content

U.S. Increases Dominance In Natural Gas, Produces More Than Entire Middle East

The U.S. became the world’s top natural gas producer as a result of the shale gas boom. In 2005, the U.S. was well behind Russian in second place for overall natural gas production. But between 2005 and 2018, U.S. natural gas production rose by 70% as the U.S. surged into the lead. Last year, the U.S. extended its lead as it added another 11.5% to total natural gas production. Russia increased its natural gas production last year by 5.3%.

In 2018, the U.S. produced 21.5% of the world’s natural gas, with Russia coming in second at 17.3%. The U.S. produced more natural gas last year than the entire Middle East, which accounted for 17.8% of the world’s natural gas production in 2018.

Natural gas production 1985 to 2018

Russia continues to dominate the global natural gas trade, accounting for 26% of global natural gas exports. But U.S. natural gas exports continue to grow rapidly. U.S. pipeline exports grew for the fourth straight year, with Mexico receiving 68% of the total, and Canada the remaining 32%.

Liquefied natural gas (LNG) exports from the U.S. increased by 65% from 2017 to 2018. The U.S. exported LNG to about two dozen countries in 2018. Asia-Pacific has been the fastest growth market for U.S. LNG exports, receiving 53% of all U.S. LNG exports in 2018.

The only sector that has grown faster than natural gas is renewables. I will cover that sector in the next article. Related: Here’s Putin’s Answer To The U.S. Shale Boom

The U.S. became the world’s top natural gas producer as a result of the shale gas boom. In 2005, the U.S. was well behind Russian in second place for overall natural gas production. But between 2005 and 2018, U.S. natural gas production rose by 70% as the U.S. surged into the lead. Last year, the U.S. extended its lead as it added another 11.5% to total natural gas production. Russia increased its natural gas production last year by 5.3%.

In 2018, the U.S. produced 21.5% of the world’s natural gas, with Russia coming in second at 17.3%. The U.S. produced more natural gas last year than the entire Middle East, which accounted for 17.8% of the world’s natural gas production in 2018.

Natural gas production 1985 to 2018

Russia continues to dominate the global natural gas trade, accounting for 26% of global natural gas exports. But U.S. natural gas exports continue to grow rapidly. U.S. pipeline exports grew for the fourth straight year, with Mexico receiving 68% of the total, and Canada the remaining 32%.

Liquefied natural gas (LNG) exports from the U.S. increased by 65% from 2017 to 2018. The U.S. exported LNG to about two dozen countries in 2018. Asia-Pacific has been the fastest growth market for U.S. LNG exports, receiving 53% of all U.S. LNG exports in 2018.

The only sector that has grown faster than natural gas is renewables. I will cover that sector in the next article.

By Robert Rapier

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play