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Natural Gas Expected to Surpass Oil as Primary U.S. Energy Source by 2030, Demand Growing 3.4% vs 0.6%

2026-07-02 15:39:36

NG-0.44%

According to Jin10, EQT Corp CEO Toby Rice predicts natural gas will surpass oil as the primary U.S. energy source by 2030, ending oil's dominance since 1950. As of 2025, natural gas accounts for 36% of U.S. energy consumption versus 37% for oil. The U.S. Energy Information Administration (EIA) forecasts that from 2025 to 2027, U.S. oil demand will grow 0.6% while natural gas demand will increase 3.4%, further narrowing the gap.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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