U.S. Now World's Leading Natural Gas Producer posted September 12th, 2014
U.S. Now World's Leading Natural Gas Producer
According to the BP 2014 statistical world energy review, the U.S. has achieved world-leading natural gas production, by reaching a new all-time high of 328 billion cubic feet per day (BCPD).
World usage of natural gas is about 24% of all primary energy consumed, behind oil's 33% and coal's 30%. Over the past five years, U.S. natural gas production has grown over 20%.
This is obviously due to the capturing of natural gas as a by-product to the massive shale expansion, as the shale "fracking" revolution seems to continue its unprecedented growth. No other global energy-producing nation has come close to matching U.S. production gains, while leap-frogging Russia in 2009, along with Qatar and Iran, previous global natural gas leadership aspirants.
In 2013, U.S. production accelerated in earnest by achieving 20.5% of the global natural gas supply. Russia is the lagging runnerup. Iran, in third place has trailed far behind, while Canada has attained fifth place position by closing in on Qatar.