January 17th, 2018:
American Energy Coalition – January 17th, 2018
“The U.S. could become a net exporter of natural gas in 2018 for the first time since 1957, thanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy,” quoted from an article published by Chron.com.
“Exports of LNG continue to grow, as terminals on the Gulf Coast reach full capacity, and with planned terminal additions in Maryland, Georgia, Texas and Louisiana, the Energy Department expects that by 2019 the U.S. LNG capacity will be the third largest in the world. U.S. pipeline capacity to Mexico is also expected to double by 2019.”
“As exports of natural gas increased, domestic consumption of natural gas fell in 2017. Natural gas spot prices averaged $3.01 per million British thermal units – about 50 cents higher than in 2016, when prices reached a near 20-year low. Higher natural gas prices meant fewer power plants were using the fuel to generate power, and natural gas consumption fell by 6 percent, as compared to 2016,” says Chron.
“Future U.S. pipeline exports to Mexico are supported by a near doubling of U.S. export pipeline capacity to Mexico by 2019. However, further growth in natural gas pipeline exports to Mexico will be contingent on the timely completion of Mexico’s connecting pipelines, which so far have experienced construction delays.”
“U.S. marketed natural gas production increased by 1% (1 Bcf/d) in 2017, according to EIA’s preliminary estimates for the year. Regionally, natural gas production growth was concentrated in Appalachia—primarily in the Marcellus and Utica shales. Other regions have also increased production, including the Anadarko region in Texas and Oklahoma, and the Bakken region in North Dakota,” reports Chron.
Click here to read the original article from Chron.com.