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US natural gas exports up 84% this year

byCustoms Today Report
12/11/2015
in Uncategorized
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NEW YORK: Although it is no longer the top natural gas exporter to the US, Trinidad and Tobago remained the top liquefied natural gas (LNG) supplier, and in 2015 exports to the North American country have been trending up versus 2014.

For the first eight months of 2015, data released by the US Energy Information Administration (EIA) on Saturday show that T&T exported 56,350 million cubic feet (mcf) of LNG to the US versus 30,666 mcf over the same period last year, an 84 per cent increase.

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“In 2014, the US imported about 59 billion cubic feet (bcf) of LNG and exported 16 bcf of LNG. The net imports of 43 bcf of LNG contributed about 0.2 per cent of total US natural gas consumption in 2014. About 95 per cent of LNG imports were from Trinidad and Tobago, Yemen, and Norway,” the EIA said.

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