U.S. Becomes a Net Gas Exporter for the First Time in 60 Years
- Pipelines to Mexico, Cheniere’s LNG shipments do the trick
- 2.2 billion cubic-feet-per-day flip seen between 2016 and 2017
Photographer: Daniel Acker/Bloomberg
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America’s trade imbalance just got a wee bit smaller. 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, flipping from net inflows of 1.8 billion in 2016, according to Victoria Zaretskaya, a Washington-based analyst for the U.S. Energy Information Administration. The numbers will be officially released by the agency in a report Thursday, she said.