Oil Economy Focus Rapid Review
The U.S. has now become a net exporter of natural gas on an annual basis for the first time since at least 1957. Net exports averaged about 0.4 billion cubic feet per day last year compared to net inflows of 1.8 billion in 2016. A “significant projected increase” in natural gas sent by pipeline to Mexico and a growing number of liquefied natural gas shipments to the rest of the world should guarantee the trend moving forward. A fundamental shift in how LNG is marketed and traded globally is expected.
LINK TO THE SOURCE ARTICLE:
U.S. As Net Gas Exporter To Shake Up Global Trade
