By David Fessler The global liquefied natural gas (LNG) sector is poised for major growth over the next several decades.
The U.S. alone is expected to add almost 7.06 trillion cubic feet (Tcf) to global production by 2025.
Not surprisingly, the bulk of it will come from existing shale plays. U.S. producers will turn nearly half of U.S. domestic production (37.1 Tcf) into LNG for export.
Additionally, half of all new global gas growth will come from American shale wells.
Production growth from shale wells increases by nearly 4% annually. That’s four times faster than conventional gas wells.
Even with all this new shale gas production, U.S. producers …read more
