On 24 January, the U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2019. The report projects that in 2020, for the first time in almost 70 years, the United States will export more energy than it imports, and will remain a net exporter through 2050. U.S. energy export growth is driven largely by petroleum exports including crude oil and products and by additional liquefied natural gas exports.
The Outlook features significant findings including:
- The United States will continue to see record high levels of oil and natural gas production.
- S. net exports of natural gas will continue to grow, as liquefied natural gas becomes an increasingly significant export.
- Increasing energy efficiency across end-use sectors will keep U.S. energy consumption relatively stable, even as the U.S. economy continues to expand.
For more in-depth information and findings, the full Annual Energy Outlook 2019 can be found on the EIA website.