Energy Transitions and Financial Measures
U.S. Expected to Support Increasing Global Energy Demand
Reliable trade partner with ample reserves & price-competitive production
FULL CYCLE COST OF LNG PROJECTS
■US
Other
$/mmbtu
12
U.S. LNG exports are globally competitive and can provide
reliable & affordable gas at a cost of $8-$9/mmbtu
new LNGI
capacity
~100 mtpa of
10
required to meet
2035 demand
8
~170 mtpa I
needed by 2035 |
in a delayed I
transition I
scenario I
KINDER MORGAN
U.S. proved natural gas reserves increased 32% in 2021
U.S. NATURAL GAS
U.S. OIL
2,926 tcf
total reserves
or
88 years
of production
373 bbo
total reserves
or
91 years
of production
6
2
30
60
90
120
150
180
210
240
270
300
330
mtpa
U.S. EXPORTS
■natural gas exports (bcfd) ■oil exports (mmbbld)
15
3
2021
26
7
2030
Left: LNG project costs based on McKinsey Energy Insights analysis. LNG projects currently facing severe difficulties in terms of technology, sanctions, or stakeholder alignment (including Russian, Iranian and Mozambique projects) are
excluded. Right: Exports based on IEA data from the IEA (2022) World Energy Outlook, World Energy Outlook 2022 - Analysis - IEA. All rights reserved; presentation modified by Kinder Morgan (data unchanged). STEPS (Stated
Policies) scenario. Total reserves based on EIA data and include proved, probable, and possible reserves. Years of remaining production calculated based on 2021 U.S. production.
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