ExxonMobil: US to Capture 30% of Global LNG Market by 2030

The United States (US) could account for around 30% of the global liquefied natural gas (LNG) market by 2030, as expanding natural gas production supports higher exports, according to Peter Clarke, Senior Vice President of LNG at ExxonMobil Upstream.

Speaking at an energy forum in Bangkok on September 14, Clarke said the US has emerged as a major LNG supplier, supported by North America’s position as one of the world’s largest natural gas-producing regions, Reuters reported.

“The US has emerged as a major LNG supplier,” Clarke said, adding that North America has sufficient gas resources to meet both domestic consumption and export demand.

The projection underscores the expected expansion of US LNG supply over the remainder of the decade as new liquefaction capacity comes online and natural gas production continues to grow.

US natural gas production and LNG exports are already on track for further growth. The US Energy Information Administration (EIA) expects dry natural gas production to increase from 107.6 billion cubic feet per day (bcf/d) in 2025 to 111.7 bcf/d in 2026 and 115.9 bcf/d in 2027.

US LNG exports are also forecast to rise to 17.4 bcf/d in 2026 and 18.6 bcf/d in 2027, compared with 15.1 bcf/d in 2025. The EIA attributed the production increase in part to higher output from the Permian and Haynesville regions.