Could the United States potentially become vulnerable economically due to reliance on foreign LNG resources?
While approximately 60 percent of oil demand in the United States is met by imports, LNG’s current share in U.S. gas consumption is approximately 2.8 percent. The U.S. Department of Energy’s projections forecast it to increase to about 16 percent of total U.S. natural gas consumption, by 2030. In addition, world natural gas resources are more abundant and more evenly distributed throughout the world than are oil supplies, which allow the United States to ensure a more secure and diversified natural gas supply.
