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2017-07-03 13:55:00

U.S. GAS UPDOWN

U.S. GAS UPDOWN

U.S. RUSSIA SAUDI ARABIA OIL GAS PRODUCTION 2008 - 2016

EIA - Natural gas net imports (imports minus exports) set a record low of 685 billion cubic feet (Bcf) in 2016, continuing a decline for the 9th consecutive year. In recent years both U.S. natural gas production and consumption have increased, although production has grown slightly faster, reducing the reliance on natural gas imports and lowering domestic prices. Based on preliminary data, 2016 domestic dry natural gas production was 26,459 Bcf, a 2% decrease from the record level of 27,060 Bcf set in 2015, but more than 40% higher than production levels 10 years ago. Preliminary data for 2016 show record total natural gas consumption of 27,495 Bcf, mostly as a result of increases in the electric power sector.

Natural gas exports continued to grow; U.S. exports in 2016 were more than three times larger than the level 10 years ago. Infrastructure improvements, including natural gas pipelines and facilities for liquefying natural gas for export, assisted suppliers in meeting increased demand from foreign markets. The United States is expected to become a net exporter of natural gas on an average annual basis by 2018.

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Earlier: 

U.S. - S.KOREA BUSINESS 

U.S. OIL DEMAND UP 4.9% 

U.S. RENEWABLE ENERGY 

U.S. RIGS UP 8 TO 941 

U.S. OIL GAS PRODUCTION WILL UP ANEW 

U.S.: THE TOP PRODUCER 

2018 U.S. OIL PRODUCTION: 10 MBD

 

Tags: USA, GAS, PRODUCTION, EXPORT, IMPORT

Chronicle:

U.S. GAS UPDOWN
October, 16, 11:50:00

SAUDI ARAMCO IPO

Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.

U.S. GAS UPDOWN
October, 16, 11:45:00

SAUDI'S BANKS ARE BETTER

But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.

U.S. GAS UPDOWN
October, 16, 11:40:00

OPEC EXPECTATION

The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.

U.S. GAS UPDOWN
October, 16, 11:35:00

JAPAN LNG INVESTMENT

The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.

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