# America’s increase in natural gas production drives down prices

> US natural gas production has risen more than 50% since 1997, pushing Henry Hub prices to their lowest levels since then. The IEA expects US share of global LNG exports to grow from 4% in 2017 to 20% by 2023. IEA's director suggested gas could eventually be priced globally like oil.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64726-america-s-increase-in-natural-gas-production-drives-down-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Abundant, cheap US gas lowers energy and fertilizer input costs for US feed producers and processors. Growing LNG exports could eventually link US gas prices to global markets.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- axios.com: https://www.axios.com/2018/06/27/americas-natural-gas-boom-drives-down-prices-1530036384

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.