Qatar could throw a wrench in America’s ambitious LNG plans ...News

Russia Today - Economy
Qatar could throw a wrench in America’s ambitious LNG plans
source : Russia Today ( News ) () 40
US domestic demand for natural gas has been falling for a year now, according to EIA data. The authority expects demand will continue down this year as well because of cheap renewables and coal. And yet, production is on the rise—a combination that makes US gas producers increasingly dependent on export markets. Reuters’ John Kemp wrote in a recent column that while US natural gas production grew at some 4.3% between 2015 and 2020, domestic consumption of the commodity only increased at half that rate. Exports—via pipelines and as LNG—were what absorbed the excess. In a best-case scenario, they will continue to absorb it. In a worst-ca

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