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Country/Region Natural Gas- consumption (million m 3 /year) Year World 3,929,000: 2019 United States 846,600: 2019 European Union 437,400: 2024 Russia 453,000: 2023 China 425,000
Although natural gas used for vehicle fuel increased 60 percent in the decade 2004-2014, in 2014 it still made up only 3.7 percent on a BTU-basis of fossil fuel use (gasoline, diesel, and natural gas) as transportation fuel in the US. [36] Transportation fuel made up 0.13 percent of natural gas consumption in 2014.
In terms of the warming effect over 100 years, natural gas production and use comprises about one fifth of human greenhouse gas emissions, and this contribution is growing rapidly. Globally, natural gas use emitted about 7.8 billion tons of CO 2 in 2020 (including flaring), while coal and oil use emitted 14.4 and 12 billion tons, respectively ...
Total consumption of natural gas averaged around 57.5 Bcf per day, 4% higher on a weekly basis due to rising usage for power generation.
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Considering the lingering uncertainty over natural gas, investors are advised to hold onto stocks like EQT (EQT), Antero Resources (AR) and Southwestern Energy (SWN).
US natural gas production, imports, and exports Natural gas production by field. Dry natural gas was 36% of production in 2021, making it the largest source of energy in the US. [22] It is also the largest electricity source, making up 38% of generation. [14] Natural gas surpassed coal for production in 2011 and for generation in 2016.
In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia.