Production of natural gas in the United States is rising sharply to meet an explosion in global demand, placing the country at the centre of a structural shift in energy supply dynamics.
Output of ‘dry gas’, gas ready for use rather than associated with oil production, is forecast to climb from 103.2 billion cubic feet per day (bcfd) in 2024 to about 107.1 bcfd in 2025, and to 107.4 bcfd in 2026. That follows a 2023 output of 103.6 bcfd, already a record. Meanwhile, total gas demand (domestic consumption plus exports) is expected to rise from roughly 111.5 bcfd in 2024 to 115.7 bcfd in 2025 and 117.7 bcfd by 2026.
What is propelling this surge is a sharp rise in liquefied natural gas (LNG) exports and rising internal consumption driven by large‑scale data‑centre deployment. Gas‑hungry facilities require reliable baseload power, often supplied by gas, reinforcing US producers’ incentive to ramp up efforts. The export boom means the US is increasingly viewed as a global gas powerhouse, supplying to markets hungry for secure, high‑volume imports.
Diversified Energy Company plc (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.
