The United States currently produces about 72 billion cubic feet (bcf) of natural gas each day, a figure that is expected to grow by 7 bcf per day this year. And within 20 years, U.S. shale gas output should grow an additional 60 percent, according to a study from IHS Markit Ltd.
IMO the abundant supply of clean burning natural gas and the associated NGLs is one of God's greatest gifts to America. This cheap energy trump cheap labor in Asia, giving us the advantage to bring more manufacturing back to the U.S. The recent reduction on corporate income taxes was the final step to Make America Great Again when it comes to manufacturing.
Read: https://www.reuters.com/article/us-gas- ... SKBN1JN2IA
By the end of 2020 the U.S. will have close to 20 Bcf per day of export capacity (LNG and pipelines). Today we export about 7 Bcfpd.
The market for U.S. natural gas is growing by about 7% per year, much faster than the global oil market which is growing by ~1.5% per year.
Natural Gas Market
Natural Gas Market
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group