• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 9 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours What-If - Russia decided to take out the Saudi and Kuwait oilfields
  • 4 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "As the Earth Cools, the Climate Change Hoax Heats Up" by Michelle Edwards
  • 2 hours PROFOUND ! "Russian Ruble relaunched linked to Gold and Commodities" by the famous Ronan Manly -- (NOTE the censorship by the MultiPolar New World Order of The Great Reset))
  • 1 day 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 1 day The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 3 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
Robert Rapier

Robert Rapier

More Info

Premium Content

U.S. Natural Gas Production Hit An All-Time High In 2021

  • In 2021, global natural gas consumption reached a new all-time high, surpassing the previous record set in 2019 by 3.3%.
  • The United States emerged as the world’s top producer and consumer of natural gas.
  • The U.S. shale gas boom propelled the U.S. into the global leader among natural producers.

This article is the fourth in a series on the BP Statistical Review of World Energy 2022. 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, carbon dioxide emissions, and petroleum supply and demand.

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

In 2021, global natural gas consumption reached a new all-time high, surpassing the previous record set in 2019 by 3.3%.

Natural gas is the cleanest-burning of the fossil fuels. It is also the fastest-growing fossil fuel, with a global 2.2% average annual growth rate over the past decade.

In comparison, oil grew at a rate of 0.7% globally over the past decade, and coal grew globally at 0.1%. 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 2021, the U.S. set a new all-time high for natural gas production. For the year, the U.S. held a commanding 23.1% share of global natural gas production, ahead of Russia (17.4%) and even the entire Middle East (17.7%).

The Top 10 producers of natural gas accounted for 72.6% of the world’s natural gas supply in 2021. U.S. production grew 2.3% last year to surpass 90 billion cubic feet (BCF) per day for the first time. U.S. production in 2021 was 91% higher than in 2005, when the shale gas boom was just getting started.

The U.S. is also the world’s top consumer of natural gas. In fact, most of the leading producers are also the world’s leading consumers.

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 44.8% 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 behind two other countries in the export of liquefied natural gas (LNG), which is different than NGL. In 2021 Australia was in first place globally with a 20.9% share of LNG exports, followed by Qatar (20.7%), the U.S. (18.4%), Russia (7.7%), and Malaysia (6.5%).

But the U.S. is the world’s fastest-growing LNG exporter, with a 49.1% average annual growth rate over the past decade (and a 100% increase in LNG exports from 2019 to 2021). The U.S. is on a pace to become the world’s largest LNG exporter this year.

In the next installment, I 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
  • George Doolittle on August 02 2022 said:
    The USA has a rather odd distribution of natural gas production as well amongst all producers namely producing natural gas wet and dry pretty much *EVERYWHERE* in the USA excepting the Southeastern USA and extreme Northeast of Massachusetts, Vermont, New Hampshire, Connecticut and Maine.

    Alabama remains the sole possible exception as relates to coal but of course there is both near onshore Energy and Offshore Energy along the Louisiana Coastline which exists in truly awesome amounts plus with ease of distribution now as well.

    These currently incredibly high prices are non-normative for US natural gas anyways needs be noting and given the context of the awesome power of coal in the US economy going back centuries now.

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