Sparta Report

U.S. to export natural gas for the first time in 60 years

From the White House website:

U.S. emerging as powerful force in LNG trade
By Nathanial Gronewold
E&E News
August 9, 2017

The United States is rapidly becoming a net exporter of natural gas for the first time in 60 years.

That’s according to data from the Census Bureau and the U.S. Energy Information Administration. While imports of gas are flat or falling, exports continue to rise, and the data give weight to government analysts’ conviction that the United States is on track to become a net energy exporter, possibly as soon as within a decade.

EIA noted in a report yesterday that during the first half of 2017, the United States exported more natural gas than it imported in three of the first five months.

New Census Bureau data show that, by value, the United States was again a net exporter in June 2017, selling about $593 million worth of natural gas to the world while importing $566 million via gas pipelines from Canada and as liquefied natural gas.

That means the United States sold more gas to foreign trade partners than it imported for four of the first six months of the year. With new pipeline and LNG export capacity coming online soon, the United States should close out 2017 as a net exporter of natural gas, a situation that hasn’t been seen since 1957, according to EIA.

Get real time article updates directly to your device, subscribe now!

Send this to a friend