There are tanks in the port of Rotterdam.
The fourth article in the series is about the review of world energy. On a country level, the Review provides a picture of supply and demand for major energy sources. Overall energy consumption and carbon dioxide emissions were covered in previous articles.
I would like to cover the production and consumption of natural gas today.
Natural gas consumption reached a new all-time high in 2021.
Natural gas consumption in the world from 1965 to 2011.
The cleanest burning fossil fuels are natural gas and coal. Over the past decade, it has grown at an average rate of 2%.
Over the past decade, oil and coal grew at slightly different rates. Natural gas is projected to be the only fossil fuel that will see demand grow over the next 20 years.
The U.S. led the world in natural producers over the past decade. The United States set a new all-time high for natural gas production in 2011. The United States held a commanding share of global natural gas production for the year.
The top 10 producers of natural gas accounted for over 70% of the world's natural gas supply in 2011. For the first time, the U.S. produced more than 90 billion BCF per day. In 2005, when the gas boom began, U.S. production was lower than it is today.
The top natural gas producers.
The United States is the top consumer of natural gas. Most of the producers are also consumers.
Natural gas consumers in 2021.
The U.S. has become the top producer of natural gas liquids in the world. Most of the NGLs destined for refinery or petrochemical production are produced in the U.S.
Because the U.S. consumes most of the natural gas it produces, it lags behind two other countries in the export of Liquefied Natural Gas. Australia was the top exporting country with a 20.9% share of exports, followed by the U.S., Russia, and Malaysia.
Over the past ten years, the U.S. has grown at an average annual growth rate of 49.1%. The US is on the verge of becoming the world's largest exporter of liquified natural gas.
The world's coal markets will be examined in the next part.
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