Momentous Change in US Natural Gas, with Global Impact

Momentous Change in US Natural Gas, with Global Impact:

Even China is buying U.S. LNG.

In 2017, the US became a net exporter of natural gas for the first time. It started small in February, when the US exported 1 billion cubic feet more than it imported. By October, the last month for which data from the Energy Department’s EIA is available, net exports surged to 45 billion cubic feet. For the first 10 months of 2017, the US exported 86 billion cubic feet more than it imported. And this is just the beginning.

H/t reader squodgy:

“It’s the economy, stupid.

As with all the other oil exporters, I wonder how much of the financial benefit of exporting fracking gas (apart from the minimum wage) actually reaches the people whose land is exploited?”

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