It’s Time to Increase NatGas Production to Help Feed LNG Exports
According to Reuters analyst John Kemp, if the U.S. wants to keep growing its LNG exports, the amount of natural gas we produce will also have to grow. If natgas production falls behind, as it is now, prices will continue to skyrocket. LNG exports were up an astonishing 87% for the first three months of this year compared with 2019 (three years ago). Domestic consumption of natgas is pretty much the same year after year. The thing increasing year after year is exports--both LNG and pipeline exports to Mexico.
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