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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Additional Information |
» LNG Overview |
» LNG FAQs |
» Global LNG Market: Status & Outlook |
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![Natural Gas consumption by sector, 1990-2025 (trillion cubic feet), graph courtesy of EIA](https://webarchive.library.unt.edu/eot2008/20090825082015im_/http://www.ferc.gov/images/tn_lng_gas_consumption.gif)
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