2018-10-30
WASHINGTON (Reuters) - The United States will become a major energy supplier to meet growing global demand as technology innovation and funding are expected to boost US oil and gas production in the next decade, a US official said on Tuesday.
 
"Over the next five to 10 years, we expect to see higher extraction rates and even multiply them in the heaviest ponds," said Frank Fanon, a State Department official with energy.
 
"In the short term this means that the United States has doubled production and export capacity," he told a sector conference in Singapore.
 
"The United States will become an undisputed leader for global oil and gas production," said Fatih Birol, executive director of the International Energy Agency (IEA), on Tuesday.