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Page added on April 14, 2015
US to become a net exporter of natural gas by 2017
The United States will transition from a net importer of natural gas to a net exporter of the fuel by 2017 as the nation’s shale gas production continues to grow, the U.S. Energy Information Administration said on Tuesday in its Annual Energy Outlook.
In its 2014 outlook, the EIA forecast the U.S. would become a net exporter of gas before 2020.
The EIA said increases in domestic gas production are expected to reduce demand for gas imports from Canada and support growth in exports to Mexico, Asia and Europe.
Net gas exports would continue to grow after 2017, with annual net exports reaching 3.0 trillion cubic feet to 13.1 tcf in 2040, the agency said.
The United States produced a total of 24.4 tcf of dry gas in 2013 and was expected to produce between 31.9 tcf to 50.6 tcf in 2040, according to the report.
There are four LNG export terminals under construction in the United States in Maryland, Louisiana and Texas. The four terminals have contracts to export gas to customers in Asia and Europe and are expected to enter service between 2016 and 2019.
In addition, there are more than half a dozen pipeline projects to move gas from the United States to Mexico under construction or in development with some expected to enter service over the next few years.
5 Comments on "US to become a net exporter of natural gas by 2017"
Makati1 on Tue, 14th Apr 2015 7:18 pm
“EIA: U.S. to become a net exporter of natural gas by 2017”
The actual headline on the website of origin, Niobrarachalk.com, “DAILY SHALE NEWS UPDATES”.
More propaganda and lies to pimp the suckers.
Plantagenet on Tue, 14th Apr 2015 8:05 pm
I wonder if exporting US NG will invalidate Obama’s promise that the US has a 100-year-supply of NG?
tahoe1780 on Tue, 14th Apr 2015 9:56 pm
100 years at current usage levels. Use NG to power 18-wheelers, replace coal plants, back up solar/wind farms, replace east coast oil-fired furnaces, bring back chemical industries using NG feedstock, etc., maybe 15 years worth?
rockman on Wed, 15th Apr 2015 6:48 am
“I wonder if exporting US NG will invalidate Obama’s promise that the US has a 100-year-supply of NG?” Folks need to understand the basis for that claim: it assumes the economics will be sufficient to develop the TECHNICALLY RECOVERABLE NG RESOURCES. IOW at much higher NG prices we have very long lived reserves. Say at $15/mcf we probably have much more than a 100 year supply because consumption would be drastically reduced since many consumers would no longer be able to afford it.
Nony on Wed, 15th Apr 2015 4:50 pm
Price is at 2.50 now. Very far below the 2005-2010 average price. And volume is up 50%. Powerful evidence of increased supply.