New Milestone: The U.S. Is Now a Net Exporter of Natural Gas

29 Nov 2016   exports

Two contractors talk on a natural gas drilling rig in Keene, Texas. In November—as well… The U.S. has become a net exporter of natural gas, further evidence of the how the domestic oil and gas boom is reshaping the global energy business. The U.S. has exported an average of 7.4 billion cubic feet a day of gas in November, more than the 7 billion cubic feet a day it has imported, according to S&P Global Platts, an energy trade publisher and data provider. Exports also topped imports for a few days in September, Platts reported. It has been nearly 60 years since the U.S. last shipped out more natural gas than it brought in annually, according to the U.S. Energy Information Administration. The milestone comes less than a year after restrictions on most crude oil exports were lifted , allowing tankers of crude to be freely shipped overseas for […]

Tags:

Comments are closed.