June 14, 2021

North American producers have the technical ability to bring Tcf’s of natural gas to market very cheaply and quickly. This has resulted in growth of natural gas in all traditional sectors. Recent developments in LNG export sector is expect to continue and surpass Residential sector requirements before the end of the forecast period.

Natural Gas Demand Drivers

LNG Exports are the largest growth driver for North American gas Demand. Build out continues in the Gulf Coast with an additional 5.3 Bcf/d of capacity by 2030 and completion of the LNG Canada four train 3.4 Bcf/d project moves exports to 16.2 Bcf/d by 2030

Continued retirement/closing of Coal-fired power drives Gas-fired demand growth at 3.4%/year during the forecast and Renewable sources at 5.5%/year.

US overall power emissions are reduced to 42% below 2005 levels.

Electric Vehicles (33MM by 2030) are expected to drive overall power demand growth of 0.3%/year.