Opinion

U.S. Net Energy Imports in 2017 Fall to Their Lowest Levels Since 1982


U.S. gross and net energy trade, as explained in the article text

Source: U.S. Energy Information Administration, Monthly Energy Review, Table 1.4a & 1.4b

Total net energy imports to the United States fell to 7.3 quadrillion British thermal units (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and gross exports were much lower. Gross energy imports have been generally decreasing from a high of 34.7 quads in 2007; however, the larger factor leading to the reduction in the net energy trade balance has been increasing energy exports. Gross energy exports rose to 18.0 quadrillion Btu in 2017, a 27% increase from 2016 and the highest annual U.S. energy exports on record.

Increasing U.S. energy exports have been driven largely by increases in exports of petroleum products and natural gas. In recent years, exports of crude oil have also contributed to the overall rise in energy exports after crude oil export restrictions were lifted at the end of 2015. In energy content terms, the United States now exports nearly as much energy in the form of crude oil (2.3 quads) as coal (2.5 quads).

In 2017, the United States saw substantial increases in exports of all fossil fuels, with exports of crude oil (89% higher than in 2016), petroleum products (11% higher), natural gas (36% higher), and coal (61% higher) all increasing over the prior year. Exports of crude oil and petroleum products both reached record levels. Petroleum products such as gasoline, distillate fuel, propane, and other fuels currently make up the largest share (54%) of U.S. energy exports.

U.S. gross energy exports, as explained in the article text
Source: U.S. Energy Information Administration, Monthly Energy Review, Table 1.4a & 1.4b
Note: Other energy exports represent less than 2% of total.

The United States became a net exporter of petroleum products in 2011 and natural gas in 2017. In 2017, the United States was a net exporter of coal, coal coke, petroleum products, natural gas, and biomass, but a net importer of crude oil. Net electricity trade with Mexico and Canada was relatively minimal.

An increase in total U.S. energy production contributed to the decline in net imports in 2017, led by production increases in renewable energy (8%), especially hydropower and wind, as well as production increases in coal (6%), natural gas plant liquids (6%), crude oil (5%), and natural gas (1%). Total U.S. energy consumption was virtually unchanged from the previous year's level.

primary energy production by source and net energy trade of selected fuels, as explained in the article text
Source: U.S. Energy Information Administration, Monthly Energy Review, Table 1.4a & 1.4b

Principal contributor: Bill Sanchez



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://eia.gov/todayinenergy/detail.php?id=35532&...

United StatesUSEnergyImportsEIAEnergy Information Administration EIAnatural gasCrude oil

More items from oilvoice


Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice


Posted 6 months agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 10 months agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 1 year agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 1 year agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice