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Page added on November 28, 2016

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The United States became a net exporter of natural gas

The United States became a net exporter of natural gas thumbnail

By 2020, the country will be the third in the world in the export of liquefied natural gas after Australia and Qatar.

The volume of natural gas exports from the United States for the first time in nearly 60 years exceeded its imports, The Wall Street Journal writes, citing data from the American research company S&P Global Platts.

This month, the United States exported an average of 210 million cubic meters of natural gas per day and imported about 198 million cubic meters.

In 2010, exports to USA increased by 50%. Citygroup is estimated that by 2020 exports of LNG will make up a fifth of the annual consumption of this energy source in the world.

The U.S. Department of energy predict that by the time the country will become the third largest exporter of liquefied natural gas in the world after Australia and Qatar.

As reported Корреспондент.netin November of this year in the us state of Texas have discovered the largest Deposit of oil shale Wolfcamp. The field has estimated reserves of 20 billion barrels of oil, 0.4 trillion cubic meters of natural gas and 1.6 billion barrels of gas condensate.

ukropnews



20 Comments on "The United States became a net exporter of natural gas"

  1. Apneaman on Mon, 28th Nov 2016 7:48 pm 

    Don’t forget to give Canada some credit for doing it’s part to keep the cancer going as long as possible.

    Justin Trudeau’s giant corporate giveaway

    A privatization spree in Canada could cost regular people billions, erode democracy and undermine the fight against climate change

    https://www.theguardian.com/environment/true-north/2016/nov/22/justin-trudeaus-giant-corporate-giveaway

    Humanity – united as one in their neoliberal endtimes party.

  2. Boat on Mon, 28th Nov 2016 7:55 pm 

    Ape,

    If FF is a cancer Canada is always credited as a large smoking butt.

  3. Boat on Mon, 28th Nov 2016 8:09 pm 

    Greggiet,

    I started talking about US becoming a nat gas exporter a couple years ago. I even suggested it might even happen this year. Much to the dismay and disbelief of greggiet It appears I was correct.

    There are many pipelines being built in the NE and going into Mexico that will add to nat gas consumption and more exports.

  4. GregT on Mon, 28th Nov 2016 8:31 pm 

    Boat,

    The USA is still a net importer of Natural Gas. All exports must be made up with imports from somewhere else.

    http://www.eia.gov/energyexplained/index.cfm?page=natural_gas_imports

    You are full of shit Kevin, as per usual.

  5. Boat on Mon, 28th Nov 2016 8:45 pm 

    Greggiet,

    Not according to the post. You saying the article is wrong?

  6. GregT on Mon, 28th Nov 2016 9:08 pm 

    What part of : “Although most of the natural gas consumed in the United States is produced domestically, the United States is a net importer of natural gas, meaning that it imports more natural gas than it exports.” do you not understand Kevin?

  7. Boat on Mon, 28th Nov 2016 9:30 pm 

    Greggiet,

    The volume of natural gas exports from the United States for the first time in nearly 60 years exceeded its imports, The Wall Street Journal writes, citing data from the American research company S&P Global Platts.

    I didn’t write that greggiet, the WSJ did citing S&P Platts. Dig in that box of rocks brain of yours and tell me if there wrong. Lol

  8. GregT on Mon, 28th Nov 2016 9:44 pm 

    Boat,

    Natural Gas Imports and Exports Second Quarter Report 2016

    Prepared by:
    Office of Regulation and International Engagement Division of Natural Gas Regulation, US Department of Energy

    Second Quarter 2016 Highlights

    “U.S. imports totaled 758.8 Bcf and U.S. exports totaled 542.3 Bcf, resulting in net U.S. imports of 216.5 Bcf. As usual, most of the imports by pipeline came from Canada, comprising 97.6 percent of the total.”

    Second Quarter 2016 vs. Second Quarter 2015 – Highlights

    Total U.S. imports were up 19.2 percent from the second quarter of 2015. Pipeline imports from Canada increased 17.7 percent, pipeline imports from Mexico decreased 0.7 percent (although from a small base), and LNG imports by vessel increased 144.6 percent.

    http://energy.gov/sites/prod/files/2016/11/f34/2Q2016.pdf

    I am far more inclined to believe the US DOE, than I am to believe an article written by a Ukrainian online news rag.

  9. GregT on Mon, 28th Nov 2016 9:51 pm 

    And Boat,

    “Dig in that box of rocks brain of yours and tell me if there wrong.”

    That would be “Dig in that box of rocks brain of yours and tell me if they’re wrong”, moron.

  10. dissident on Mon, 28th Nov 2016 10:28 pm 

    WTF, Banderite news sources (Ukropnews24.com)? Come on, find something more credible.

  11. cottager on Mon, 28th Nov 2016 11:31 pm 

    dissident, putlerite news sources are not better.

  12. Anonymous on Mon, 28th Nov 2016 11:38 pm 

    LoL

  13. Go Speed Racer on Tue, 29th Nov 2016 2:54 am 

    When Trump deports all the mexicans, there wont be any more bean burritos, and our natural gas surplus will suddenly disappear.

  14. Truth Has A Liberal Bias on Tue, 29th Nov 2016 1:56 pm 

    I’d love to explain it to you boat, but I don’t have the time or the crayons. Remember when you thought a billion barrels of oil lasts the world 10 years lol fuck are you stupid!

  15. dissident on Tue, 29th Nov 2016 8:51 pm 

    @cottager

    You outed yourself as a Banderatard. Go back to Ukropia and stick to the torchlight processions in memory of your great hero Hitler.

  16. Boat on Tue, 29th Nov 2016 11:36 pm 

    http://dfw.cbslocal.com/2016/11/29/after-the-turkey-shopping-texas-sets-new-wind-power-record/

    45 percent of Texas electricity at the time of the record with many more turbines going up. The wind deniers will be blown away like dust in the wind. A popular song from Kansas.

  17. Go Speed Racer on Wed, 30th Nov 2016 4:05 am 

    Those damn windmills only spin around, cause they got electric wires hooked to them. If they weren’t sucking power off the grid, they wouldn’t even turn.

    Ugly damn things, looks like the Tom Cruise War of the Worlds. Blow up every last one of them with fighter jet missiles. Put in coal power plants and Fukushima Nukes to make up the difference.

    Burn garbage, tires, leftover Hillary Clinton bumper stickers, and old mattresses. Make a big black cloud of smoke, looks better than windmills.

  18. Mark Ziegler on Wed, 30th Nov 2016 11:57 am 

    Canada will require massive amounts of natural gas to supply tar sands oil.
    That way we can enjoy more of those tailing ponds breach videos.
    https://www.youtube.com/watch?v=vg3yd8GPSnA

  19. rockman on Wed, 30th Nov 2016 4:39 pm 

    Just so everyone is working with the same facts. From the EIA as of Aug 2016:

    US NG imports: 260,814 million cuft
    US NG exports: 211,680 million cuft
    US NET NG imports: 49 bcf

    Now the source of confusion: that was Aug 2016. Now here is what the DOE says as of Nov 2016:

    “The country has become a net exporter of natural gas for the first time in nearly six decades, according to the US Energy Department. Gas exports totaled 7.4 billion cubic feet per day this month, compared to the 7 billion cubic feet per day the country imported, according to data from S&P Global Platts.”

    What I find bazarre is for anyone to consider this is a positive for the country. This didn’t happen because we have an excess of NG production.

    NG consumption Aug 2016: 2,217,910 million cuft. So both imports and exports each represent about 11% of US NG consumption. But US NG production Aug 2016: 2,242,219 million cuft. So even in Aug when we produced a tad more NG then we consumed we still imported about about 49 million cuft.

    Seems a tad confusing? That’s because such reporting forgets about our huge NG storage system. NG moves from the well heads to consumers (both domestic and foreign) and to storage facilities. Facilities from which NG is shipped to consumers (domestic and foreign) as well as remaining in storage…until winter demand pushes consumption above US production + imports.

    IOW there’s not much to get excited about as long as the country continues to imports TRILLIONS of cuft of NG. It’s nice that imports have been declining since the peak in 2007. But that trend ended in 2015 when imports increased higher then 2014. And those RECENT lower imports in 2014 were still higher then during any year prior to 1995.

    Being a net exporter only means foreign buyers are able to out bid domestic buyers. Good news for us NG producers and foreign consumers of US NG. For US NG consumers…not so much.

  20. rockman on Wed, 30th Nov 2016 4:45 pm 

    Mark – Not only NG but are you aware they also use about 270 million bbls/year of light oil oil to blend with the oil sands production to make dilbit so they can pump it down pipelines?

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