Investor Presentaiton
Permian natural gas is critical to meet growing demand
US natural gas demand expected to increase by nearly 20% by 2030 driven largely by LNG (1)
Permian Supply Forecast (Bcfpd and % US Demand)(1)
KINETIK
Permian Supply and LNG Demand Forecast (Bcfpd)(1)
~40% Growth (1)
18.5
17%
2023
2024
2025
2026
2027
2028
Permian Supply
LNG Demand
25.9
26.3
25.9
20%
18.5
11.8
2029
2030
2023
2030
LNG demand to more than double by 2030, supported by projects along the Gulf Coast
•
US natural gas demand to grow by ~20 Bcfpd, driven by ~15 Bcfpd of LNG demand
Permian poised to supply LNG facilities along the Gulf Coast
Permian associated natural gas to grow 40% by end of the decade
.
Permian's share of US natural gas supply expected to increase to -20%
Price inelastic suppliers given crude oil directed drilling in the Permian
(1)
Source: Wood Mackenzie North America Gas Markets Long-Term Outlook, October 2023.
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