Natural Gas Exports
Tom Shepstone
Shepstone Management Company, Inc.
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Natural gas exports in the form of LNG are a huge success story for America amidst Green New Deal foolishness that only costs us money and gobbles up land.
The Energy Information Administration’s Today In Energy page carried an interesting story the other day that proves one can’t use green curtains to hide the light coming in the window.The light in this case us the remarkable success America is having with natural gas exports despite Joe Biden’s controllers’ strategy of killing oil and gas development at home so we can beg for it again from abroad.
The EIA served up the following rather amazing data :
In our August 2021 Short-Term Energy Outlook (STEO), we forecast that U.S. natural gas exports will exceed natural gas imports by an average of 11.0 billion cubic feet per day (Bcf/d) in 2021, or almost 50% more than the 2020 average of 7.5 Bcf/d. Increases in liquefied natural gas (LNG) exports and in pipeline exports to Mexico are driving this growth in U.S. natural gas exports. For the first time since U.S. LNG exports from the Lower 48 states began in 2016, annual LNG exports are expected to outpace pipeline exports—by an estimated 0.6 Bcf/d—this year.
We forecast total U.S. natural gas exports to continue to grow throughout 2021 and 2022, exceeding the record of 14.4 Bcf/d set in 2020. We expect U.S. exports of natural gas by pipeline and as LNG combined to average 18.3 Bcf/d in 2021 and 19.3 Bcf/d in 2022. LNG exports exceeded pipeline exports for the first time on a monthly basis in November 2020, and we expect them to average 9.5 Bcf/d and exceed natural gas imports by pipeline (8.9 Bcf/d) in 2021.
In 2020, natural gas exports accounted for 23% of total U.S. energy exports in energy equivalent terms. U.S. LNG exports in particular have grown as the United States has added LNG export capacity and expanded its LNG export destinations.
And, where us this gas coming from? Rural areas of Pennsylvania and Texas to be sure; places such as Susquehanna County where it is revitalizing communities with growth, providing wealth to build housing, hospitals and every other good thing. Natural gas exports are bringing dollars here for a change, despite Biden’s apparent desire to send them to Saudi Arabia, Russia and China.
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This post appeared first on Natural Gas Now.
