U.S. natural gas domination may come to an end

This is the fourth article in the BPP’s recently released World Energy 2021 series. Previous articles See an overview of this year’s review, a review of carbon emissions data, and oil supply and demand trends.

Today I am going to look at natural gas production and consumption.

The United States controlled the world’s natural gas production until the 1980s, when it handed over control to Russia. The Middle East has also grown rapidly over natural gas production over the past 50 years, and is fast becoming a global leader.

A.D. Natural gas production in the United States continued to decline until production began in 2005. Between 2005 and 2020, the United States grew by a staggering 86%, making it one of the world’s leading natural gas producers. .

Consumption of natural gas

US consumption has grown rapidly as power plants have been converted to natural gas to replace coal and replace renewable energy.

The net impact of growing natural gas supplies and changing power generation has resulted in natural gas becoming a rapidly growing fossil fuel. Over the past decade, global natural gas consumption has grown by an average of 2.9%, by 1.5% for oil and 0.9% for coal.

In response to the Covi-19 epidemic, production was significantly reduced by 2020. A.D.

The United States has been the world’s largest consumer of natural gas since 1965. Unless Mexico and Germany change their position by 2020, the top 10 consumers will remain the same in 2019.

In the top 10, China, Iran and Saudi Arabia all increased consumption by 2019.

Natural gas production

Of all the countries, the United States is the largest. In 2011, natural gas production took a turn for the worse, and since then, that lead has grown exponentially. A.D. In response to the 2020 VV-19 epidemic: U.S. production fell by 1.9% – which negatively affected gas prices — but the United States maintained 23.7% of global production.

To put American production on display, By 2020, the US produced 88.3 billion cubic feet (BCF / d) of the Middle East’s natural gas production (66.3 BCF / d). The top 10 producers were the same in 2019, with the exception of China, which skipped 9% of its gross domestic product.

Export of natural gas

Another effect of natural gas production is the significant increase in gas exports in some countries. U.S. exports, both pipeline and liquefied natural gas (LNG), have increased over the past 10 years. American LNG Exports grew to 61 billion cubic meters (BCM) last year. For viewing, In 2010 that number was 1.5 BCM. The United States is now the third largest LNG exporter behind Australia (106.2 BCM) and Qatar (106.1 BCM).

Exports from the United States have also increased, tripled to 76.1 BCM over the past decade. Mexico has become the largest growth market for pipeline exports, totaling 54.3 BCM in 2020. Canada’s other U.S. pipeline exports were at 21.8 BCM.

Natural gas storage

The United States may continue to lead the world in natural gas production for a few more years, but our proven track record of natural gas reserves may be short-lived.

At the end of 2017, the Middle East’s natural gas reserves were 2.8 Four billion Cubs have a combined stock of 446 trillion cubic feet compared to the United States. Visually, the US reserves are only 6.7% of the world’s total.

Russia has 1.3 quadrillion cubic feet of natural gas reserves more than any other country, while Iran has 1.1 quadrillion cubic feet. By the end of 2020, total natural gas reserves would have been sufficient to meet the 2020 global production standards for 48.8 years.

By Robert Rapier

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