Delegates attending the Gas, LNG and Future of Energy event in London this week heard that the US gas market is expected to grow another 40% or over 50 bcf, according to Wood Mackenzie forecasts.
“That’s a huge amount of growth,” said Eugene Kim, Research Director for Americas Gas. “Over the last 20 years, US gas production has more than doubled, and currently around 105 bcf a day, keeping prices relatively range bound within the $2-$4 bandwidth,” he said.
He said growth is coming from two areas. One is LNG exports, and the other newer form is coming from generative AI data centres.
“We had a decline power view, updated to a resilient ‘flattish’ and now have significantly adjusted our expectations for growth,” he said.
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