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US becomes net natgas exporter for 13 consecutive months




(MENAFN - Trend News Agency)

Baku, Azerbaijan, May 3

By Leman Zeynalova – Trend:

US became net natural gas exporter for 13 consecutive months, Trend reports citing the Energy Information Administration (EIA).

According to EIA forecasts, the United States will become a net exporter of natural gas by pipeline on an annual basis in 2019.

Reportedly, US net natural gas exports in February 2019 totaled 4.6 billion cubic feet per day (Bcf/d), marking 13 consecutive months in which US natural gas exports exceeded imports.

The United States exports natural gas by pipeline to both Canada and Mexico and increasingly exports liquefied natural gas (LNG) to several other countries.

The EIA analysis shows that US natural gas exports to Canada were 3.3 Bcf/d in February 2019, the highest on record. Overall, exports of natural gas by pipeline to Canada averaged 2.3 Bcf/d in 2018.

US pipeline exports of natural gas to Mexico in 2018 averaged 5.2 Bcf/d, up from 4.2 Bcf/d in 2017, according to EIA.

'Much of the recent growth is attributed to increased US exports out of the Permian Basin in western Texas as new pipelines were installed and as natural gas-fired power plant projects in Mexico entered service. Several existing pipeline expansions in southern Texas were completed during the past 12 months as well, increasing cross-border capacity,' reads the report.

This is while US liquefied natural gas (LNG) exports averaged 3.0 Bcf/d in 2018 and recently hit a high of 4.1 Bcf/d in January 2019. 'The volume of U.S. LNG exports rose steadily during 2018 as three new liquefaction units, called trains, entered service.'

EIA's Short-Term Energy Outlook (STEO) forecasts that US net natural gas exports will average 4.7 Bcf/d in 2019 and 7.5 Bcf/d in 2020, with most of the growth attributable to increases in LNG exports. According to STEO forecasts, the United States will become a net exporter of natural gas by pipeline on an annual basis in 2019.

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US becomes net natgas exporter for 13 consecutive months

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