U.S. Is A Net Exporter Of Natural Gas For First Time In 59 Years

Source: EIA

 

Exports outweigh imports in February, April, May: EIA

The U.S. has been a net exporter of natural gas for three of the first five months of 2017, according to a note released by the EIA. This is historically significant, as February, April and May are so far, the only months in which the U.S has been a net exporter of natural gas since 1958.

Imports from Canada falling

The U.S. natural gas trade is dominated by pipelines, with pipelines from Canada supplying the vast majority of all imported gas. The TransCanada Pipeline was completed in 1958, transporting gas from western Canada to the northeastern U.S. Since then, the U.S. has always imported a great deal of Canadian natural gas. Net gas imports from Canada peaked in 2007, at over 10 Bcf/d. Since then, the U.S. shale boom has begun to replace Canadian gas, and the U.S. has begun to export gas to Canada in significant volumes. The U.S. is still a net importer of gas from Canada, but exports to Canada continue to rise.

Declining Mexican production is being replaced by U.S. gas

LNG arrives on the scene

Full article: U.S. Is A Net Exporter Of Natural Gas For First Time In 59 Years (OilPrice)

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