U.S. to Supply About 9% of Global LNG Output in 2020, BG Says
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The U.S. will be able to supply about 9 percent of global liquefied natural-gas output by the end of the decade, according to BG Group Plc.
BG, the U.K.’s third-largest gas producer, said the U.S. will have the capacity to export about 45 metric million tons of LNG a year from 2020 as hydraulic fracturing boosts domestic supplies. Global output is seen at about 480 million tons a year by then, based on estimates from Wood Mackenzie.