In a recent column, Forbes magazine contributor Robert Rapier analyzes data from the 2018 BP Statistical Review of World Energy which shows that last year the U.S. maintained a healthy lead as the global natural gas king.
According to Rapier, in 2017 the U.S. produced an average of 71.1 billion cubic feet per day (Bcf/d) of natural gas — a 1.0% increase from 2016 production and good enough for a 20.0% share of the world’s total natural gas production.Rapier writes:
“To put the U.S. production numbers in perspective, natural gas production for the entire Middle East was 63.8 Bcf/d. Russia, in second place among countries, saw its natural gas production surge by 8.2%, but at 61.5 Bcf/d that was still well behind the U.S.”
“U.S. natural gas production had been in decline until the fracking boom that began in the middle of the previous decade. Production grew in the U.S. by an astounding 51% from 2005 to 2015, which pushed the U.S. back into the global lead. U.S. consumption has also grown rapidly as power plants have turned increasingly to natural gas as both a replacement for coal-fired power and a backup for new renewable capacity.”
Read the full column here.