Mar 12, 2025
The United States is poised for unprecedented growth in natural gas consumption, driven primarily by increasing demand for liquefied natural gas (LNG) and the power needs of expanding data centers. According to a report by Georgina McCartney and Scott DiSavino, industry executives have noted that infrastructure challenges, such as insufficient pipeline capacity, impede market expansion despite rising production levels. The U.S., the world’s largest natural gas producer, is expected to generate approximately 105.2 billion cubic feet per day (bcfd) this year.
Pipeline constraints have created energy delivery issues, leading to a 35% rise in electricity costs over the past four years. Toby Rice, CEO of EQT, emphasized the urgency of developing pipeline infrastructure to match the supply with demand. Specifically, EQT’s Mountain Valley pipeline, which cost $8 billion to complete after delays, operated at full capacity last winter. The natural gas industry is also experiencing pressure from high LNG export demands. The U.S. Energy Information Administration forecasts that total gas consumption will grow from a record 102.3 bcfd in 2024 to 107.6 bcfd by 2026.
Freeport LNG‘s full-capacity operations highlight this trend, and with ongoing construction projects, U.S. LNG capacity is projected to nearly double from 13.8 bcfd in 2024 to 24.7 bcfd in 2028. U.S. President Donald Trump’s recent lifting of the moratorium on new LNG export plant permits further propels this expansion. Additionally, the energy demands of emerging artificial intelligence technologies, particularly in data centers, are anticipated to significantly increase natural gas consumption, with NextEra Energy estimating a 55% jump in power demand over the next two decades.
Market data reflects these shifts, as Henry Hub natural gas futures rose to $4.49 per million British thermal units, their highest since December 2022, buoyed by these growing demands and infrastructure developments.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
REPORT DESCRIPTION
RESEARCH METHODOLOGY AND AI PLATFORM
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
KEY FINDINGS
MARKET TRENDS
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
MARKET SIZE
MARKET STRUCTURE
TRADE BALANCE
PER CAPITA CONSUMPTION
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
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TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
BEST-SELLING PRODUCTS
MOST CONSUMED PRODUCT
MOST TRADED PRODUCT
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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TOP COUNTRIES TO SOURCE YOUR PRODUCT
TOP PRODUCING COUNTRIES
TOP EXPORTING COUNTRIES
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
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TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
TOP CONSUMING MARKETS
UNSATURATED MARKETS
TOP IMPORTING MARKETS
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
IMPORTS FROM 2012–2024
IMPORTS BY COUNTRY
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
EXPORTS FROM 2012–2024
EXPORTS BY COUNTRY
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
Key Findings In 2024
Market Volume, In Physical Terms, 2012–2024
Market Value, 2012–2024
Per Capita Consumption In 2012-2024
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country Of Origin, 2012–2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
Market Volume, In Physical Terms, 2012–2024
Market Value, 2012–2024
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
Trade Balance, In Physical Terms, 2012-2024
Trade Balance, In Value Terms, 2012-2024
Per Capita Consumption, 2012-2024
Market Volume Forecast to 2030
Market Value Forecast to 2030
Products: Market Size And Growth, By Type
Products: Average Per Capita Consumption, By Type
Products: Exports And Growth, By Type
Products: Export Prices And Growth, By Type
Production Volume And Growth
Exports And Growth
Export Prices And Growth
Market Size And Growth
Per Capita Consumption
Imports And Growth
Import Prices
Production, In Physical Terms, 2012–2024
Production, In Value Terms, 2012–2024
Imports, In Physical Terms, 2012–2024
Imports, In Value Terms, 2012–2024
Imports, In Physical Terms, By Country, 2024
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country Of Origin, 2012–2024
Exports, In Physical Terms, 2012–2024
Exports, In Value Terms, 2012–2024
Exports, In Physical Terms, By Country, 2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, By Country Of Destination, 2012–2024