Pipeline + LNG
Posted on 10/09/2013 5:05:37 AM PDT by thackney
The U.S. Energy Information Administration on Tuesday slightly raised its estimate for domestic natural gas production in 2013, expecting output this year to be up about 1.2 percent from 2012's record high levels.
In its October Short-Term Energy Outlook, the EIA said it expected marketed natural gas production in 2013 to rise by 0.82 billion cubic feet per day to 70.00 bcf per day, up fractionally from its September outlook of 69.91 bcf daily.
If the forecast is realized, it would be the third straight year of record production.
Domestic output in 2014 is expected to set another record high, up 0.43 bcfd to 70.43 bcfd. EIA had previously estimated 2014 production at 70.42 bcfd.
Natural gas pipeline imports, primarily from Canada which have fallen over the last five years, are projected to slip slightly in 2013 to just over 8 bcf per day, then remain near that level in 2014.
(Excerpt) Read more at rigzone.com ...
In 2014 or 2015, the US will become the largest energy producer in the world.
Pipeline + LNG
I wonder if we will be the largest energy importer at the same time.
I think China will be the largest importer soon.
The US should become the largest LNG exporter once the terminals are operational (by 2020).
I must be REAL sleepy/tired.. swear I saw “NutGas” >.<
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