U.S. supplies a third of world's LNG but only 3% of global oil exports

"The United States is the largest exporter of natural gas. We export a third of global LNG supplies. We only export about 3% of global liquid fuel supplies. One in three molecules of LNG traded globally originates in the United States. But when it comes to oil, the U.S. is essentially a minor player on the export stage, shipping out just 3% of global liquid fuel supplies."

"The U.S. produces approximately 110 billion cubic feet of natural gas per day but only consumes approximately 80 billion cubic feet per day domestically. That surplus flows through pipelines, gets liquefied, and gets shipped to energy-hungry markets worldwide. The U.S. is producing 40% more energy than it consumes."

"When global oil markets get rattled by a disruption in the Strait of Hormuz or a Middle East flare-up, U.S. consumers feel it at the pump almost instantly, because oil is a globally priced commodity and the U.S. is a price-taker, not a price-setter, in that market. Natural gas is different. Because the U.S. dominates LNG export capacity, domestic prices are more insulated."

The United States produces approximately 40% more natural gas than it consumes domestically, exporting one-third of global LNG supplies while maintaining only 3% of global liquid fuel exports. This structural asymmetry creates distinct market dynamics: natural gas prices remain relatively insulated from geopolitical shocks due to U.S. export dominance, whereas oil prices remain volatile as the U.S. functions as a price-taker in globally traded markets. Domestic natural gas prices demonstrated greater stability during recent geopolitical crises compared to international markets, with Henry Hub prices remaining near $3.62/MMBtu in February 2026, significantly below the August 2022 peak of $8.81/MMBtu. Williams Companies, as a major natural gas infrastructure operator, benefits from this structural advantage.

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