United States expected to become net exporter of natural gas

Paterniano Del Favero
Agosto 10, 2017

There was a mixed report on natural gas in the latest EIA report.

The United States is now the world's largest natural gas producer, having surpassed Russian Federation in 2009. Ninety-six percent of all production is consumed domestically, but a larger share is being prepped for exports to Asia as the Trump administration's energy export strategy begins to take hold. "The US' status as a net exporter is expected to continue past 2018 because of growing US natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG)". Mexico City plans to increase it utilization of gas by 50 percent by the year 2020, creating more demand for American gas.

Golden Pass adds to an expanding list of LNG export terminals being developed in the U.S. Imports of Canadian natural gas, which reached a peak of 12 Bcf/d in 2007, were around 8 Bcf/d. Five new liquefaction facilities are now under production at Cove Point, Cameron, Elba Island, Freeport and Corpus Christi, carving out a sizable nook for the cost-effective transport of natural gas over ships via especially refrigerated ships.

In particular, the EIA noted that USA gas exports to Mexico reached near-record levels in the first five months of 2017, averaging 4.04 billion cubic feet per day, an increase from the full year 2016 average of 3.78 billion cubic feet per day.

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