Natural gas production to make U.S. a net energy exporter

Posted on Jan 5, 2017 in News

State Impact | 1/5/17

Within the next decade, the U.S. could be exporting more energy than it imports, something that has not occurred since the early 1950′s. The Energy Information Administration projects that under a number of different scenarios, exports of natural gas will increase as petroleum liquid imports decrease, making the country an energy exporter by 2026.

The U.S. typically imports crude oil, and exports products like diesel and gasoline. An export ban on crude oil was lifted in 2015, while new liquefied natural gas (LNG) export terminals began shipping gas overseas in 2016. Additional LNG terminals are planned within the next several years, including one in Lusby, Maryland, which will be converting Marcellus Shale gas to LNG for export. Operated by Dominion Resources, the Cove Point terminal is scheduled for completion at the end of 2017.

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