Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.S. Seen Being Liquefied Gas Exporter in 2016 on Fracking Gains

The U.S. will become a net exporter of liquefied natural gas in 2016 as hydraulic fracturing boosts domestic supplies, the Energy Information Administration said.

U.S. will sell abroad 1.1 billion cubic feet of LNG a day in 2016, and add 1.1 billion cubic feet three years later, the agency said today in its annual forecast. The U.S. will also sell more natural gas to Mexico via pipelines, according to the agency, a part of the Energy Department.

“With supply growing faster than consumption over the next decade, natural-gas production exceeds domestic consumption,” Howard Gruenspecht, acting administrator for the Energy Information Administration, said during a conference in Washington. The surplus will be exported “primarily to Mexico and overseas,” he said.

Cheniere Energy Inc. in May won Energy Department approval to export natural gas as a liquid using ships. Sempra Energy, and Freeport LNG in partnership with Macquarie Group Ltd. are seeking similar export permits.

Manufacturers using natural gas, supported by Democrats including Representative Edward Markey of Massachusetts and Senator Ron Wyden of Oregon, oppose exports, citing concerns it would raise prices at home.

Hydraulic fracturing, or fracking, is a process of extracting natural gas from shale rock by injecting millions of gallons of water mixed with chemicals. Fracking will boost gas supply 20 percent to 26.1 trillion cubic feet in 2025, from 21.7 trillion cubic feet in 2010, according to the report.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.