Posted January 22, 2018 07:03:18As it stands, the US is still the only major nation in the world where natural gas is produced.
That’s not the case in most other countries, including Australia and India, but as the US continues to embrace unconventional gas, there’s a growing interest in new sources of energy.
Here’s what we know about them so far, along with our picks for the best natural gas-producing nations in the country.
CanadaAs natural gas supplies in Canada have been increasing steadily since the mid-2000s, the country’s leaders are keen to diversify their energy supply and boost domestic demand.
Canadian Natural Resources Minister Cathy Bennett said at the start of 2018 that her country was “going to be a leader in natural gas development and expansion.”
She also promised to “build on our proven, proven gas pipeline system.”
Canada is one of the largest gas producers in the hemisphere, and it has become the second-largest natural gas exporter after the US.
With a production of more than 1 billion cubic meters of natural gas per day, Canada is currently the world’s largest gas producer, with about 10 billion cubic feet of natural oil equivalent being produced per day.
The country has already been producing natural gas for decades, and as long as Canada’s economy continues to grow, it will continue to be able to tap into the countrys abundant natural gas.
As a result, natural gas prices have been trending downward over the past several years, and in 2018 they are expected to stay low.
The Canadian government recently set a goal of producing enough natural gas to meet the country´s energy needs for another 15 years.
JapanAs Japan is one the world´s most dynamic countries, it has managed to stay out of the economic downturns that plagued the developed world during the 1990s and 2000s.
The Japanese economy has been booming in recent years, fueled by high consumer spending, the booming housing market, and the country becoming the second largest natural gas producer in the Asia Pacific region.
With an estimated annual production of 1.8 billion cubic metres of natural hydrocarbon gas, Japan is the world leader in liquefied natural gas (LNG).
Japan is also the world′s biggest gas producer with about 9.4 billion cubic foot per day of gas, according to the IEA.
The state of Japan has also set a target to increase natural gas exports to 1.2 billion cubic-metres per day by 2020.
BrazilAs Brazil is one its largest gas exporters, it is also one of its most dynamic economies, with its growth fueled by a strong manufacturing sector.
Brazilian natural gas has been steadily increasing in price, and at the end of 2018 it was expected to reach a new all-time high of about $9.20 per million British thermal units (Btu).
Brazil’s energy industry has been growing steadily over the last few years, with new projects, such as the Brazil Hydroelectric Project and the Brazilian Hydroelectric Gas System, being announced every year.
The industry has also seen an increase in natural-gas production from fields like the Mariana Basin, which is also known as the Amazon Basin.
As the country continues to experience economic difficulties, Brazilian leaders have been looking for more natural gas and are looking to expand their production to meet demand.
Brazil is currently producing about 1.4 trillion cubic meters per day and plans to increase production to 1 billion Btu by 2020, according a recent report from Bloomberg.
United StatesAs the United States has been the worldʼs biggest natural gas consumer, itʼll take a while before it can see an increase of domestic production.
According to the US Energy Information Administration, the United State was estimated to have more than 3.5 trillion cubic feet (Tcf) of natural- and liquefed natural gas reserves in 2018, down from 4.5 Tcf in 2017.
With the United Kingdom and Germany also in the mix, the next logical step for the US will be to find a new natural gas source.
Currently, natural- or liquefuelgas resources are in the hands of just a handful of major companies in the United US, and they can only be tapped if the government decides to subsidize the production.
As of 2018, only a handful had applied to the federal government for the right to produce natural gas, and only one of them has so far been approved, with a production cap of 10 Tcf.
The government has also put in place a tax on natural gas producers, and is considering another tax to help pay for the costs associated with developing and transporting natural gas infrastructure.
MexicoWhile the US has seen steady growth in its natural gas output over the years, it was still quite a bit lower than other countries in 2018.
Mexico had a natural- gas production of about 3.1 trillion cubic metres per day in 2018 and its production cap was just 4.6 Tcf, down about 5 percent from