U.S. Can Be Leader in Nat Gas Exports, Texas Regulator Saysby Will Brackett
The shale boom under way in the United States means the country is primed to become a leader in liquefied natural gas developments, a Texas leader said.
Federal data show U.S. natural gas production should average 74.1 billion cubic feet per day in 2017, a 2.5 percent increase from 2016. The trend, if forecasts are accurate, would mark a reversal as last year was the first year for a decline in U.S. natural gas production in more than a decade.
The U.S. Energy Information Administration said commodity prices could improve as new export capabilities emerge for natural gas. Christi Craddick, the chair of the Railroad Commission of Texas, the state energy regulator, said her state is in a unique position to capitalize on emerging LNG opportunities.
“The export of natural gas represents one of the most promising economic opportunities of the new American shale boom,” she told an LNG conference in Houston. “As our country’s LNG export market grows, it will also help to position us as a global energy superpower.”