Commodity Trade Mantra

Posts Tagged ‘Gas Production’

US Natural Gas Will Never Replace Russian Gas For Europe

Even with the shale plays, in April 2014 the US remains a net gas importer. In 2013, the most recent full year of data, the US had to import 1.3 trillion cubic feet to satisfy domestic Natural Gas consumption. The numbers don’t add up, and they never will, also due to simple economics.

Boundless Natural Gas, Boundless Opportunities: Interview with EIA Chief

US Energy Information Administration (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace & likely to continue without hitting a geologic peak. Current output is close to 70 billion cubic feet a day & expected to reach over 100 billion cubic feet by 2040.

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