Amid the upheaval in the energy sector, natural gas is doing well, while coal is struggling.
The nat gas market is flourishing, U.S. Secretary of Energy Ernest Moniz told CNBC on Wednesday.
"We are now perhaps at the 10-year mark of what has been a real natural gas revolution in this country," he said on "Power Lunch." "Gas [is] now the biggest supplier, biggest fuel for electricity — overtaking coal; [the] revival of manufacturing and now getting into the export market."
Coal production dropped 32.5 percent year over year in the week that ended Feb. 13, according to the Energy Information Administration.
As recently as 2005, the Department of Energy reported that natural gas consumption in the U.S. outpaced available domestic supplies and imports were needed, but Moniz said Wednesday that position has "changed dramatically."
The secretary thinks America may be on its way to "probably … being among the very biggest exporters of natural gas in the world."
Contributing to the race, Cheniere Energy prepared to ship its first liquefied natural gas cargo on Wednesday. The company's interim CEO, Neal Shear, told "Power Lunch" in an interview that "Cheniere is a very unique company in this space."
"We'll be the first one to deliver LNG. People should understand we're 87 percent contracted on seven trains. We have investor-grade counterparts that have signed 20-year contracts to deliver LNG from these facilities that we're [seeing] here today," he said.