Chart of the week: US natural-gas production heading for a record high

US natural-gas production will hit a record in 2018. Output should exceed 80 billion cubic feet per day, marking a 60% increase since 2005.

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US natural-gas production will hit a record in 2018, just as oil will, says Liam Denning on Bloomberg Gadfly. Output should exceed 80 billion cubic feet per day, marking a 60% increase since 2005. The biggest annual jump in US production on record will take place this year, with another 7 billion cubic feet anticipated (equivalent to the annual output of Turkmenistan, a key gas exporter). Pipelines capable of transporting seven billion cubic feet from the "prolific" Appalachian region come into operation in 2018. Thanks to shale, the US a gas importer in the 2000s is now an exporter.

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