The United States, already the world’s leading natural gas producer, will become a net exporter of gas this year and through 2018, according to the U.S. Energy Information Administration.
“The United States’ status as a net exporter is expected to continue past 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG),” EIA said.
Domestic gas production has surged as a result of fracking and other new extraction technologies. We lapped Russia as the leading gas producer in 2009.
The surge in gas has meant prices have been low for several years, putting major pressure on other forms of electricity generation, most notably coal-fired, nuclear and renewables.
“Natural gas production in the United States increased from 55 billion cubic feet per day (Bcf/d) in 2008 to 72.5 Bcf/d in 2016. Most of this natural gas—about 96% in 2016—is consumed domestically. Abundant natural gas resources and large production increases have created opportunities for U.S. natural gas exports,” EIA said.