Monthly Natural Gas Production
|YTD natural gas consumption has only increased 2% YoY, while production increased 6.7% during the same period. |
|As a result of the growth in natural gas production significantly outpacing the growth in consumption, net imports declined by 3% to 2.6 trillion cubic feet in 2010. Falling imports from Egypt and Trinidad were partially offset by first time imports from Peru and Qatar helped offset the decline. Pipeline imports from Canada make up about 88% of total imports. Recently, the U.S has began to re-export LNG, which are shipments of LNG to foreign countries that were previously imported, unloaded onto above ground storage tanks, and then reloaded onto to tankers to be delivered to other countries like Japan, South Korea, and the UK. Re-exports made up 6% of U.S LNG exports in 2010. Here's a link for more info on imports and exports: http://www.eia.gov/naturalgas/importsexport/annual/index.cfm|
U.S Natural Gas Inventory
Since natural gas is mostly used in the winter and stored in the summer, inventories fluctuation. Notice the upward trend in inventory levels over the past decade as production has increased
Natural gas rigs working in the U.S. were 856, down 11% from the same time last year.