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U.S. dry natural production and consumption U.S. dry natural gas production U.S. natural gas consumption AEO2021 side cases AEO2021 side cases trillion cubic feet trillion cubic feet 2020 60 2020 60 history projections history projections High Oil and Gas 50 Supply 50 High Oil Reference 40 Low Oil Price 40 Low Oil and Gas Supply 30 30

20 20

10 10

0 0 2000 2010 2020 2030 2040 2050 2000 2010 2020 2030 2040 2050

Source: U.S. Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 2 Natural gas production and U.S. dry natural gas production Natural gas spot price at Henry Hub AEO2021 oil and gas supply cases AEO2021 oil and gas supply cases trillion cubic feet 2020 dollars per million British thermal units 2020 2020 60 $12 history projections history projections Low Oil and Gas 50 $10 Supply Reference 40 $8 High Oil and Gas Supply 30 $6

20 High Oil and Gas $4 Supply Reference 10 $2 Low Oil and Gas Supply 0 $0 2000 2010 2020 2030 2040 2050 2000 2010 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 3

U.S. dry natural gas production by type U.S. dry natural gas production by type, AEO2021 oil and gas supply cases Reference case Low Oil and Gas Supply case High Oil and Gas Supply case trillion cubic feet trillion cubic feet trillion cubic feet 2020 2020 60 60 2020 60 history projections history projections history projections 50 50 50

40 40 40 tight/ 30 30 30 other Lower 20 48 states 20 20 onshore Lower 48 10 states 10 10 offshore 0 other 0 0 2000 2010 2020 2030 2040 2050 2000 2010 2020 2030 2040 2050 2000 2010 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 4 U.S. production of natural gas from shale resources

U.S. dry natural gas production from shale resources by region, AEO2021 oil and gas supply cases Reference case Low Oil and Gas Supply case High Oil and Gas Supply case trillion cubic feet trillion cubic feet trillion cubic feet 2020 45 2020 45 45 2020 history projections history projections history projections 40 40 40 35 35 35 30 30 30 Southwest 25 25 25 20 East 20 20 15 15 15 10 10 10 Gulf Coast 5 5 5 0 rest of United States 0 0 2010 2020 2030 2040 2050 2010 2020 2030 2040 2050 2010 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 5

U.S. production of natural gas from oil formations U.S. dry natural gas production from oil formations by region, AEO2021 oil and gas supply cases

Reference case Low Oil and Gas Supply case High Oil and Gas Supply case trillion cubic feet trillion cubic feet trillion cubic feet 14 2020 14 2020 14 2020 history projections history projections history projections 12 12 12

10 10 10

8 8 8

6 Southwest 6 6 4 4 4

2 Gulf Coast 2 2 other 0 0 0 2010 2020 2030 2040 2050 2010 2020 2030 2040 2050 2010 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 6 U.S. natural gas consumption by sector Natural gas consumption by sector, AEO2021 Reference case trillion cubic feet billion cubic feet per day 40 2020 history projections 35

30 25

commercial 20 residential 15 transportation industrial 10 liquefaction lease and 5 other

0 2000 2010 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 7

Change in natural gas disposition by sector and net exports Natural gas disposition by sector and net exports Change in natural gas disposition and net exports AEO2021 Reference case AEO2021 Reference case trillion cubic feet relative to 2020 in trillion cubic feet 45 12

40 10 35 electric power 8 electric power 30 commercial commercial 25 residential 6 transportation transportation industrial 20 industrial 4 net exports net exports residential 15 2 10 0 5 0 -2 2020 2030 2040 2050 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 8 U.S. natural gas and (LNG) trade U.S. natural gas and LNG trade, AEO2021 oil and gas supply cases Reference case Low Oil and Gas Supply case High Oil and Gas Supply case trillion cubic feet billion cubic feet per day (Tcf) Tcf Tcf (Bcf/d) 2020 2020 15 41.1 15 2020 41.1 15 history projections history projections history projections

10 10 LNG27.4 exports 10 27.4 net exports pipeline exports 5 to13.7 Mexico 5 13.7 5 pipeline exports to Canada pipeline imports 0 from0.0 Canada 0 0.0 0 LNG imports

-5 -13.7 -5 -13.7 -5 2010 2020 2030 2040 2050 2010 2020 2030 2040 2050 2010 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 9

U.S. liquefied natural gas (LNG) exports and oil and U.S. liquefied natural gas exports Ratio of Brent crude oil price to natural gas price AEO2021 supply and price cases at Henry Hub, AEO2021 supply and price cases trillion cubic feet energy-equivalent terms 15 2020 10 2020 history projections history projections

High Oil 8 10 Price High Oil 6 and Gas Supply Reference 4 5 Low Oil and Gas Supply 2 Low Oil Price 0 0 2000 2010 2020 2030 2040 2050 2000 2010 2020 2030 2040 2050

Source: U.S. Energy Information Administration, Annual Energy Outlook 2021 (AEO2021) www.eia.gov/aeo 10