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Monday, 28 January 2019 15:00

EIA: US to become net energy exporter in 2020

EIA: US to become net energy exporter in 2020

The US will position itself as a net energy exporter in 2020 and will remain so throughout a projection period to 2050 resulting from large increases in production of crude oil, natural gas, and natural gas plant liquids (NGPL) coupled with slow growth in energy consumption, according to the US Energy Information Administration’s Annual Energy Outlook 2019, Caspian Energy News (www.caspianenergy.net) reports with reference to Oil & Gas Journal.

In the AEO’s reference case, the US becomes a net exporter of petroleum liquids after 2020 as US crude oil production increases and domestic consumption of petroleum products decreases. Near the end of the projection period, the US returns to becoming a net importer of petroleum and other liquids on an energy basis because of an increase in gasoline consumption and falling crude oil production in those years.

More details: https://www.ogj.com/articles/2019/01/eia-us-to-become-net-energy-exporter-in-2020.html

Person in charge of the newsline: Olga Nagiyeva 

 

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