Florida Ports Council & Florida Natural Gas Association
January 9, 2020
Across the United States, the unprecedented expansion of shale gas development has produced large reserves of natural gas, allowing the United States to emerge as a net exporter of the product. The domestic natural gas industry now includes more than 6,300 producers, 1,200 distributors and 300,000 miles of natural gas pipeline spanning the nation. Natural gas production in the U.S. grew by 10 billion cubic feet per day in 2018, an 11% increase over 2017, and the increased supply continues to put downward pressure on the cost of natural gas. The combination of low cost and the heightened focus at the state, national and international levels on the environmental benefits of conversions to cleaner burning fuels is causing the expansion of natural gas utilization across many industry sectors. The expanding supply of natural gas and the increasing demand for the product worldwide presents an incredible opportunity for Florida seaports, through participation in the growing import and export business and through new and increased uses on and near ports.
Read the full report here.