ExxonMobil Exec: US Gas Demand Will Be 90 Bcf/d by 2030

Daily demand for natural gas in the U.S. will jump almost 40% by the year 2030, and half of that demand is expected to be met by imports of liquefied natural gas from abroad, an ExxonMobil Corp executive said Tuesday.

Daily U.S. gas demand is expected to surge to 90 billion cubic feet per day, some 40% higher than the roughly 55 bcf/d of current demand, said Richard Guerrant, vice president, Americas, ExxonMobil Gas & Power Marketing, during a presentation at the 2006 Deloitte Oil & Gas Conference.

The U.S. will compete with industrial demand for gas supplies in emerging world markets, and residential demand in China, Guerrant said.

“Europe will need twice the supply of Asia and North America” in 2030, he said.

Dow Jones Newswire