In the EIA Annual Energy Outlook 2023, it is projected that U.S. natural gas production will increase by 15% and liquefied natural gas (LNG) exports will increase by 152% between 2022 and 2050. Production growth is largely driven by U.S. LNG exports, which is expected to rise to 10 trillion cubic feet by 2050. Natural gas production growth from Gulf Coast and in the Southwest reflects increased activity in the Haynesville Formation and Permian Basin, close to infrastructures connecting natural gas supply to growing LNG export facilities.
The report continued with the idea of exploring long-term energy trends in the United States and presenting an outlook for energy markets through 2050. The EIA used different scenarios to fully understand how various assumptions affect energy trends. The report served as a baseline and reflects laws and regulations adopted through mid-November 2022, including the Inflation Reduction Act.
The EIA report projected that annual natural gas production from 2022 through 2050 will grow by 52% on the Gulf Coast and by 50% in the Southwest due to Haynesville’s Formation and the Permian Basin being close to LNG export terminals in Texas and Louisiana. The amount of natural gas produced in these regions has grown as LNG demand has grown. Associated dissolved natural gas from oil formations also contributes to production growth in the Southwest.
With rising global demand for natural gas, building additional LNG export facilities in the United States would be necessary to meet the projected demand from EIA’s report by 2050. New liquefaction facilities in Louisiana became fully operational in 2022, ahead of their original schedule. In addition, new LNG trains in Texas are scheduled to be active by 2025. Increased Gulf Coast shale production enables natural gas production in the southern region to grow through 2050, despite declines in all other areas of the United States.
With new LNG export facilities, oil and gas plants, rigs, and refineries being factors to influence natural gas and LNG production, ensuring safety at each location is optimal for worker productivity, safety regulations and more. Otis Instruments offers a variety of Wired and WireFree easy-to-use, robust and configurable gas detectors to help ensure safety programs are maintaining their goals and keeping workers safe while performing their duties. Made in the USA, our high-quality products are capable of detecting both toxic and non-toxic gases for diverse applications. For integrated technology services, Otis Instruments offers Otis Link, providing industrial equipment monitoring devices and related data services. Within Otis Link, we offer automation and controls and telemetry monitoring.
Otis Link automation & controls systems provide a modernized AWS secure cloud communication system capable of tracking and delivering data in real time, sending alerts via email or SMS text message. Connecting the user to assets via wired or wireless configurations, the user can efficiently and effectively access and control equipment remotely. Otis Link telemetry systems provide cloud-based remote industrial equipment monitoring devices and related data services. Otis Link devices send alarms by email and SMS text message, along with real-time data viewable on an easy-to-use website. Connecting the user to assets via wired or wireless configurations, the user can view and manage their equipment effectively.
To learn more information about gas detection solutions for your application, detection instruments specifically for natural gas and LNG production, or have a question for us, contact our team today.