The natural gas revolution in North America is transforming the competitive landscape in numerous industries, but the excess supply is also of global importance. With gasoline demand down in the United States, natural gas looks to be the fast-growing fuel over the next few decades. Even more, with two LNG export facilities recently approved and 20 move applications on file, the United States will play an increasing role on the global scale.
As natural gas continues to grow as an electric-generating fuel throughout the world, the U.S. is in a nice position to supply this market due to an enormous amount of shale gas resources and a cost-leading technological position.
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Be sure to check out the video below for more information on the United States LNG position and potential competitors who could grab some of the global market share.
The article Bright Future for Natural Gas originally appeared on Fool.com.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron. The Motley Fool owns shares of Apache. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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