The annual Black & Veatch Strategic Directions: Natural Gas Report explores the complexities and market dynamics impacting today’s natural gas landscape.
As the world continues to invest in the adoption of greener energy options, the outlook for natural gas has never been more positive. This year’s report investigates the progress made by the industry as natural gas broadens its footprint around the globe. Shifts in the global market are influencing gas production and transport, altering the volume of supply.
Chasing opportunity, developers are investing heavily in liquefied natural gas (LNG) and liquefaction capacity. But more infrastructure and pipeline capacity will be needed to continue to support the growth in LNG, especially as Asian markets continue to migrate away from coal in an effort to meet environmental goals.
Although the future is rife with opportunity, there are challenges ahead as well. The 2019 Strategic Directions: Natural Gas Report explores how complex geopolitics will impact upstream, midstream and downstream operations, while global forces reshape the industry across the board.
As U.S. Natural Gas Production Rages, Geopolitics Among Challenges in Foreign Markets
Natural gas is on the up and up in America. As of 2017, the U.S. was an annual net natural gas exporter for the first time in nearly six decades. The country added to that in 2018, more than doubling its average daily net exports for the first half of the year over 2017, according to the U.S. Energy Information Administration. But this growth comes against the backdrop of diverse pressures – form a growing embrace of renewable energy to a changing supply of natural gas to the thorny headwind of geopolitics.