Opinion

U.S. Net Natural Gas Exports in First Half of 2018 Were More Than Double the 2017 Average


monthly U.S. natural gas imports and exports

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

From January through June of 2018, net natural gas exports from the United States averaged 0.87 billion cubic feet per day (Bcf/d), more than double the average daily net exports during all of 2017 (0.34 Bcf/d). The United States, which became a net natural gas exporter on an annual basis in 2017 for the first time in almost 60 years, has continued to export more natural gas than it imports for five of the first six months in 2018.

U.S. natural gas exports have increased primarily with the addition of new liquefied natural gas (LNG) export facilities in the Lower 48 states. U.S. exports of LNG through the first half of 2018 rose 58% compared with the same period in 2017, averaging 2.72 Bcf/d.

Total U.S. LNG export capacity reached 3.6 Bcf/d in March 2018. The LNG facility at Sabine Pass in Louisiana has an export capacity of 2.8 Bcf/d, which includes the recently completed Train 4. Cove Point LNG in Maryland, which has an export capacity of 0.8 Bcf/d, delivered its first cargo in March 2018 and entered full commercial service in April. In the first two full months of operation after the capacity additions (May and June), Cove Point exported an average of 0.57 Bcf/d (76%) of its nameplate capacity. Another four LNG facilities are under construction and planned to enter into service by the end of 2019, ultimately increasing U.S. LNG export capacity to 9.6 Bcf/d.

monthly U.S. liquefied natural gas trade
Source: U.S. Energy Information Administration, Natural Gas Monthly

While U.S. LNG exports have continued to grow in 2018, U.S. natural gas pipeline import and export volumes have either remained relatively flat or declined from 2017 levels. Exports of natural gas by pipeline to Mexico grew by just 4%, while exports of natural gas by pipeline to Canada declined 14%. Most of this decline occurred in deliveries from St. Clair, Michigan, to the Dawn hub in Ontario, Canada. Although U.S. exports into eastern Canada declined, eastbound flows on the TransCanada Mainline from western Canada increased by 0.26 Bcf/d from 2017 as tolls on the pipeline were lowered this year, according to data from Canada's National Energy Board.

monthly U.S. natural gas trade by pipeline
Source: U.S. Energy Information Administration, Natural Gas Monthly

January was the only month so far in 2018 in which the United States was not a net exporter of natural gas. In that month, extreme and prolonged low temperatures led to record demand for natural gas. U.S. natural gas imports from Canada during January averaged 9.25 Bcf/d, its highest level since January 2014.

Monthly average U.S. LNG imports, which peaked at 0.53 Bcf/d in January, were also higher this winter than in the previous two winters. Although most LNG cargos are contracted too far in advance to respond to weather events, one cargo containing 3.1 Bcf of LNG was purchased on the spot market and delivered to the LNG import terminal in Everett, Massachusetts, on January 28 to meet increased demand. This one cargo was enough to shift the United States from being a net exporter to a net importer of natural gas for that month.

According to EIA's Short-Term Energy Outlook, net natural gas exports are expected to continue rising through the end of 2018 as additional LNG export capacity comes online and as natural gas infrastructure in Mexico is placed into service. Overall net natural gas exports are expected to average 2.0 Bcf/d in 2018 and 5.8 Bcf/d in 2019.

Principal contributor: Katie Dyl



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=37172&...

United StatesEIAEnergy Information Administration EIAnatural gasgasexportsGas ExportsNatural Gas Exports

More items from oilvoice


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 2 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 7 months 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 7 months 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 7 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 7 months agoPress > TotalDividend
All posts from oilvoice