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    US LNG imports hit 15-year low in 1st half


    September 27, 2022 - CE Noticias Financieras

     

      The Department of Energy highlights in a report released Tuesday, 27, that U.S. liquefied natural gas (LNG) imports hit "the lowest in at least 15 years" in the first half of 2022, to average 0.08 billion cubic feet per day. On average from 2017 to 2021, those purchases were at 0.2 billion cubic feet per day. The DoE points out that these imports from the country generally had their peak in the local winter months between October and March, and most of the imported natural gas came from pipelines in Canada.

      LNG imports from the US peaked in April 2007, when they accounted for 26% of total natural gas imports. They fell rapidly between 2007 and 2021, the DoE points out, as dry natural gas production increased, which rose nearly 80 percent during that period.

      The Doe further notes in the report that growth in natural gas production has occurred primarily in three producing regions, Appalachia, Permian, and Haynesville. Production from the basin of the first of these regions accounted for 31% of the nation's total natural gas production in 2021. Several pipeline products have also been completed since 2016, the DoE recalls, which has improved the delivery of natural gas to consumption centers in most parts of the country.

      LNG imports, however, can still be an "important marginal source" of supply at times of high demand, the department points out. On days of peak demand, imported LNG can contribute up to 35% of the New England region's natural gas supply, it adds.

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