LNG Exports, falling oil imports break 66-year pattern
The EIA has released its Annual Energy Outlook, examining major trends in energy in America through 2050.
Perhaps the most significant projection made by the EIA in this year’s AEO regards the country’s trade in oil and gas. The U.S. is expected to become a net energy exporter by 2020, a major milestone as the country has been a net importer of energy for the last 66 years. This milestone is also ahead of schedule, as last year the EIA forecasted net exports in 2022, and in 2017 net exports were not expected until 2026.
This milestone is driven primarily by shipments of LNG and refined products, as natural gas will surpass coal to become the country’s largest net energy export in 2020, ...


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