Industries 
The Importance of LNG
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Natural gas continues to be the economic and environmental fuel of choice 
in the US. This growing trend has created a demand that cannot be met solely by domestic or Canadian production. In the US, natural gas production in the lower 48 states has been declining.
About 96 percent of the world's proven natural gas reserves are outside of North America. At the same time, the US is consuming about 25 percent of the world's annual natural gas production.
With projected decreases in conventional onshore and offshore natural gas production and the projected decline in natural gas imports from Canada through to 2025, growth in US natural gas supplies will depend on non-conventional domestic production, natural gas from Alaska, and imports of LNG.
In order for the US to meet its increasing demand for natural gas, LNG must become an increasingly important part of the US energy mix. The National Petroleum Council's September 2003 report estimates that LNG could increase from less than 2 percent now to as much as 12 percent of the US gas supply by 2025. Some estimates are even higher.
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In the Energy Information Administration's Annual Energy Outlook 2005 report, total demand for natural gas is projected to increase at an average annual rate of 1.5 percent from 2003 to 2025. EIA estimates that LNG could account for as much as 21 percent of the total U.S. natural gas supply in 2025. This equates to a daily regasification deliverability of about 17.5 Bcf/d.
