The U.S. natural gas market appears to be entering a structural Supercycle akin to the late-1990s IPP boom—only this time, the scale is unprecedented. This natural gas Supercycle is being shaped by durable, long-term demand growth and the growing integration and globalization of U.S. gas markets. The defining feature of this Supercycle is not a lack of natural gas resources, but the challenge of delivering those molecules reliably and efficiently through an increasingly constrained midstream system. U.S. natural gas market (including exports) is expected to add ~34 Bcf/d of gas requirements over the next 10 years.