1、SEPTEMBER 2025Strategies to Ridethe Surge in US Natural GasThe 21st-century shale revolution has transformed the North American oil and gas industry.The Appalachian Basin alone produces around 30%of the USs natural gas output,and investments of more than$100 billion since 2012 have resulted in an ex

2、pansion in LNG capacity of over 95 million tons.BCG developed five scenarios that describe possible futures for the US natural gas industry,none of which indicate that demand will peak inthe next ten years.The eventual outcome will depend on exports,power generation,and policy although prices of ove

3、r$6 per million Btuin the winters could threaten US natural gas exports.The primary driver of the recent increase in demand for natural gasbased power has been the many large data centers that continue to bebuilt in the US.Infrastructure strains remain.Despite over$250 billion of infrastructure inve

4、stment since 2010,constraints persistas evidenced by pricespikes in the US Northeast in 2024 and negative prices in the Permian Basin.As companies use pipelines,storage,and generation facilitiesmore intensively,equipment uptimes will become a key industry focus.US exports will rise by over 60%in the

5、 next five years,but costs will pose a challenge.LNG business models such as niche players and merchant traders will continue to evolve.Changes in business models will increase US companies scale and trading capabilities so that they can take advantage of opportunities in the global market.Upstream

6、players,midstream players,and power generation companies can profit from emerging opportunities.Given their balancing capabilities and access,midstream players have an initial edge over other parts of the value chain.Executive SummaryThe Unconventional Rise of an Energy SuperpowerShale has surged.Un