U.S. domestic demand for natural gas has been falling for a year now, according to EIA data. The authority expects demand will continue down this year as well because of cheap renewables and coal. And yet, production is on the rise—a combination that makes U.S. gas producers increasingly dependent on export markets. Reuters’ John Kemp wrote in a recent column that while U.S. natural gas production grew at some 4.3 percent between 2015 and 2020, domestic consumption of the commodity only increased at half that rate. Exports—via pipelines and as LNG—were what absorbed the excess. In a best-case scenario, they will continue to absorb it. In a worst-case scenario, competition on the LNG market could hit U.S. producers hard. Exports of American liquefied natural gas to the three top importers in Asia hit a record in February, reaching 3.2 million tons in February amid colder than usual weather for […]