US Natural Gas Supply -- A Balancing Act


The outlook for the US is a strong growing dependence on natural gas. Electricity generation is now fueled by 18 bcfd of natural gas, a usage that could double by 2020. Ultimate reserves have doubled to 2 quadrillion cubic feet in the last 25 years, thanks to tax incentives to stimulate the development of unconventionals. However, we are well past the half-life of the reserves so increases in demand will progressively have to come from overseas sources via LNG carriers which now account for one-fifth of net gas imports of 10 bcfd.

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