Opinion

China is a Key Destination for Increasing U.S. Energy Exports


U.S. exports of selected energy goods, as explained in the article text

Source: U.S. Energy Information Administration, Petroleum Supply Monthly, Natural Gas Monthly

Republished July 10, 2018, 10:00 a.m. to correct the units for China's imports of crude oil and propane.

In recent years, as its domestic energy consumption has grown, China has become a more significant destination for U.S. energy exports. In particular, China has been among the largest importers of U.S. exports of crude oil, propane, and liquefied natural gas.

U.S. crude oil exports, as explained in the article text
Source: U.S. Energy Information Administration, Petroleum Supply Monthly

In 2017, more U.S. crude oil was sent to China than any other destination except Canada. China received more U.S. crude oil in 2017 than the third- and fourth-largest importers, the United Kingdom and Netherlands, combined. China has been the world's largest net importer of total petroleum and other liquid fuels since 2013 and surpassed the United States as the world's largest gross crude oil importer in 2017.

Based on data through April, China's imports of U.S. crude oil have continued to increase, averaging 330 thousand barrels per day (b/d) in 2018. In February 2018, China received more U.S. crude oil than any other destination. Nearly all of these crude oil exports were sent from the U.S. Gulf Coast region.

U.S. propane exports, as explained in the article text
Source: U.S. Energy Information Administration, Petroleum Supply Monthly

China was the third-largest destination for U.S. propane exports in 2017, behind only Japan and Mexico. Overall, about half of U.S. propane exports went to Asian countries in 2017, displacing supplies from Middle Eastern countries and some regional production of propane. Propane is used in many Asian countries as a feedstock for producing ethylene and propylene, building blocks for chemical and plastic manufacturing.

So far in 2018, China has remained the third-largest destination for U.S. propane exports, receiving 92 thousand barrels per day through April, or 31% less than U.S. propane exports to China in the first four months of 2017.

U.S. LNG exports, as explained in the article text
Source: U.S. Energy Information Administration, Natural Gas Monthly

As U.S. liquefaction export facilities have come online, the United States has exported greater volumes of liquefied natural gas (LNG), averaging 1.9 billion cubic feet per day in 2017. Of that amount, 15% went to China, making it the third-largest importer of U.S. LNG exports behind Mexico and South Korea. The next-largest importer, Japan, received about half as much U.S. LNG in 2017 as China. In 2017, China surpassed South Korea to become the second-largest importer of LNG in the world.

Based on data through April 2018, China's imports of U.S. LNG have averaged 0.4 billion cubic feet per day, behind only South Korea and Mexico. The next-largest importer of U.S. LNG, India, has received less than half as much U.S. LNG as China so far in 2018.

China also receives other petroleum product exports from the United States, such as petroleum coke and normal butane. Although China has large domestic supplies of coal, China also imports some coal from the United States. In 2017, China received 3.2 million short tons of U.S. coal, or 3% of total U.S. coal exports, making it the tenth-largest destination for U.S. coal exports. About 90% of China's 2017 imports of U.S. coal was metallurgical coal used in the production of steel.

Principal contributors: Owen Comstock, Mason Hamilton


Visit source site

https://eia.gov/todayinenergy/detail.php?id=36632&...

ChinaUSUnited StatesEnergyexportsEIAEnergy Information Administration EIACrudeOilCrude oilPropaneLNGLiquified Natural Gas

More items from oilvoice


Permian Region Natural Gas Prices Fall as Production Continues to Grow

Source: U.S. Energy Information Administration, based on Natural Gas Intelligence The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year. Natural gas ...

OilVoice Press - OilVoice


Posted 7 hours agoOpinion > EIAEnergy Information Administration EIAUnited States +7

Baker Hughes, a GE company Reaches Agreement to Sell Natural Gas Solutions Business

LONDON & HOUSTON--(BUSINESS WIRE)--Jul. 18, 2018-- Baker Hughes, a GE company (NYSE: BHGE) today announced an agreement to sell its Natural Gas Solutions (NGS) business to two separate entities, First Reserveand Pietro Fiorentini S.p.A., for a combined value of $375 million. NGS is part of BHGE's T ...

OilVoice Press - OilVoice


Posted 8 hours agoPress > Baker HughesGEDivestment +6

RGU Pilots Intern Programme With Industry Drilling Partners

Robert Gordon University (RGU) has been working with partners in the drilling industry to create a summer intern programme which will help strengthen ties and develop the future workforce. RGU's Oil and Gas Institute and Employability & Professional Enrichment Hub have developed the programme for ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > DrillinginternshipRGU +2

M2 Subsea Secures Contract With Premier Oil

Global independent provider of ROV services, M 2 Subsea, has secured a contract to provide inspection services for Premier Oil's Balmoral Floating Production Vessel (FPV). M 2 Subsea, which has bases in Aberdeen and Houston, will carry out the 2018 inspection of the vessel's hull, flowlines, umb ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > M2 SubseaM 2 SubseaSubsea +5

SDRL - Seadrill Partners West Leo Early Termination Litigation Update

Hamilton, Bermuda, July 18, 2018 - Seadrill Limited ("SDRL or the Company") announces today that a subsidiary of Seadrill Partners, the Master Limited Partnership it established in 2012 and in which it holds approximately a 46.6% interest in, has received approximately $248 million relating to th ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > SDRLSeadrillWest Leo +1
All posts from oilvoice