U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline, the Energy Information Administration (EIA) said in a report on Thursday.
As U.S. dry natural gas production has reached record highs, lower domestic prices have helped to displace natural gas imports. Net natural gas imports (imports minus exports) totaled 1,171 billion cubic feet (Bcf) in 2014, the lowest level since 1987, EIA said.
Imports by pipeline from Canada account for nearly 98% of all U.S. natural gas imports, and were the main driver of the decrease in total imports. Net imports from Canada represented 7% of total U.S. natural gas consumption in 2014, down from 11% in 2009.
U.S. natural gas exports also decreased in 2014, but at a slower rate than the decrease in imports, and were still 9% above the previous five-year average. Natural gas exports to Mexico, which account for nearly 50% of U.S. natural gas exports, increased 12% in 2014.
Net imports of liquefied natural gas (LNG) in 2014 totaled 43 Bcf, down 54% from the level in 2013 and continuing a five-year decline. LNG exports increased from 2013 levels, but not enough to offset a nearly 40% decrease in total LNG imports in 2014, according to the report.
Net imports of natural gas have varied significantly around the country. New production from shale and other tight resources has helped to displace imports in certain regions. EIA’s most recent analysis of natural gas imports and exports highlights regional trends in natural gas trade:
Source: EIA