Matthew Smith
speaker
466 appearances
1 recordings
1 series
first heard Jul 2026
last heard 21 Jul
Matthew Smith’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
We are headed into a place where we see an historic deficit in natural gas supply available in the United States, which does pretend some pretty serious consequences.
Natural gas, which is over 40% of U.S.
power generation, is imminently going to become the most important fuel in the country.
It's overtaking petroleum, given the amount that we use now for generation.
Our work suggests that 2627 natural gas is appropriately supplied.
But as we get into 28 and you plug in this compute and you assign gas to very specific assets as they're plugged in as well, and you continue to export LNG, as we're planning to do with
known projects we start to eat into our working gas storage which is the nexus of supply and demand in the country i think we will come to the conclusion that the upside risk compressed natural gas is both unbounded and convex and so where you will feel at the most securely will be electricity prices in 28 29 20 30 based on our work
If I may set the stage a little bit, US gas was plentiful.
Starting in about 2010, when shale started to really change, come to the scene and change things, we had been importing natural gas to satisfy consumption on top of what we produced domestically.
Shale started to be very productive, surprised the upside, and became this abundant force.
And as natural gas became more abundant, we started to export it.
Starting with Chenier, we've gone from that early Chenier exporting,
To today, we're exporting about 15 BCF a day of nameplate U.S.
export capacity.
Now that 15 billion cubic feet is on a base of about 110 to 112 BCF a day of natural gas production in the U.S.
So if you think about it, it's become about 12 to 15% of the U.S.
daily ability to supply the market we're exporting.
As this abundance continued, more and more facilities, projects have been announced.
As of today, we're scheduled to export up to 35 VCF a day by the end of 2030.
And in that case, the die has been mostly cast.
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