Expanding Natural Gas Infrastructure Will Satisfy Domestic and International Demand
Washington, DC –The American Gas Association (AGA) is proud to join the more than 500 affiliate organizations, companies, and cities participating in Infrastructure Week, leading the fight to rebuild and modernize America’s infrastructure. Expanding our nation’s natural gas pipeline network is necessary to achieve our economic, environmental and national security goals.
“The United States has an abundant and growing supply of clean natural gas, more than enough to satisfy existing and new markets at very competitive prices,” said AGA President and CEO Karen Harbert. “Exporting natural gas is reducing our nation’s trade deficit while assisting other countries to break their dependence on suppliers that use natural gas as a foreign policy weapon.”
On Tuesday, May 14, President Trump will tour the Cameron LNG Terminal in Hackberry, LA. The U.S. is exporting 4.5 billion cubic feet (Bcf ) per day per day thus far in 2019—1.4 Bcf more per day than the first four months of 2018 according to AGA’s Natural Gas Market Indicators published on April 26.
“It’s ironic that America’s abundant natural gas can help to meet the needs of people all across the globe yet it cannot reach some markets here at home,” Harbert continued. “Sadly, we have seen policymakers in some areas preventing pipelines from being built, subjecting their constituents to higher costs, elevated emissions and a deeper reliance on natural gas imports from abroad.”
Our nation’s daily gas production in April averaged 86.7 Bcf and is running 8.2 Bcf per day higher than in April 2018. Average daily production is also nearly 8 Bcf per day higher year-to-date than one year ago.
AGA has confidence in the expanding natural gas resource base and its ability to satisfy existing and new markets at very competitive prices. Further, we believe that new market demand is critical in terms of stimulating new production technologies and practices that benefit all natural gas consumers.
The United States possesses a total technically recoverable resource base of 2,817 trillion cubic feet as of year-end 2016 according to the Potential Gas Committee’s biennial assessment. This is the highest resource evaluation in the Committee’s 52-year history, exceeding the previous high assessment from 2014 by 12 percent. An updated report is expected summer 2019.
The American Gas Association, founded in 1918, represents more than 200 local energy companies that deliver clean natural gas throughout the United States. There are more than 75 million residential, commercial and industrial natural gas customers in the U.S., of which 95 percent — more than 71 million customers — receive their gas from AGA members. Today, natural gas meets more than three-tenths of the United States' energy needs.