How Big Is LNG Opportunity for U.S. Natural Gas Industry?

Rising global LNG demand points to a strong future for U.S. LNG exports. But ESG concerns loom.

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Over the past decade, fracking technology has driven unprecedented growth in American natural gas production. Gas now powers 40% of U.S. electricity generation, and is also the most important fuel for home heating. And the U.S. is on track to become the world’s number one exporter of liquified natural gas in 2022, as Asia and Europe compete to pay top dollar for shipments of LNG. 

On the face of things, the outlook couldn’t be better for U.S. gas producers. Yet, the industry’s dramatic growth coincides with an accelerating shift toward clean energy technology, growing investor ESG concerns around the use of natural gas, and political division over gas exports. Gas producers must now weigh near term market opportunity against these longer term risks.     

Robert Johnston, managing director of Eurasia Group’s Energy, Climate and Resources practice, and a research scholar at Columbia University’s Center for Global Energy Policy, discusses the complex range of domestic and global dynamics that are shaping the future of the U.S. natural gas industry.

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