According to the US Energy Information Administration (EIA), the US natural gas production reached new highs in 2018, increasing by 11%. Gas production measured as marketed production and dry natural gas production have also reached new highs. As expected, gas exports also increased by 14% to 102 bcm, with LNG exports surging by 53%. The United States continued to be a net gas exporter in 2018, as in 2017 when the country exported more gas than it imported for the first time in nearly 60 years.
The EIA foresees that the US will start exporting more energy products than it imports by 2020. The country has been a net exporter of coal and coke for the last decades, became a net gas exporter in 2017 and should start exporting more crude oil and petroleum products than it imports by the final quarter of 2020. The US has been importing more energy than they import on an annual basis since 1953, when volumes were much smaller.
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