There is an enormous appetite for natural gas all around the world. The Energy sector has faced a downturn during this pandemic. Refined product, natural gas, jet fuel, diesel, everything is off as demand is down about 30% but post pandemic, demand will likely come back in a big way.
The demand for natural gas is picking up. Natural gas exports out of the U.S. will supply roughly 1/5th of the world’s global demand. This year 2020 will mark an all-time high in natural gas exports from the U.S.
The U.S. is the #1 producer of not only natural gas but also crude oil. The U.S. produces more crude oil than Saudi Arabia and Russia. As we move past the pandemic, an enormous amount of demand for U.S. energy exports will come online.
U.S. Department of Energy Secretary Dan Brouillette joins CNBC’s Brian Sullivan ahead of the department’s Natural Gas Summit to talk energy demand, the global oil patch and alternative energy.