(Fri, 23 Feb 2018) China surpassed South Korea to become the worldâs second largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government statistics. Chinese imports of LNG averaged 5 billion cubic feet per day (Bcf/d) in 2017, exceeded only by Japanese imports of 11 Bcf/d.
A slowdown versus a reversal of Mexico's energy reform legislation is the most likely scenario to emerge following July’s presidential election, according to a number of Mexico energy experts. Annette Hugh blogs for The Barrel.
(Thu, 22 Feb 2018) EIA's recently released <em>Annual Energy Outlook 2018</em> (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 million barrels per day (b/d) and account for nearly 70% of total U.S. production. Tight oil production made up 54% of the U.S total in 2017
(Wed, 21 Feb 2018) Recent legislation has directed the sale of more than 100 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) in U.S. government fiscal years (FY) 2022 through 2027. Based on legislated sales established in multiple acts of Congress, the SPR could decline by about 40% in the coming decade while still meeting requirements for petroleum import coverage.
(Tue, 20 Feb 2018) Over the next two years, EIAâs <em>Short-Term Energy Outlook </em> (STEO) projects growth in U.S. consumption of ethane in the petrochemical industry will exceed increases in consumption of all other petroleum and liquid productsâsuch as motor gasoline, distillate, and jet fuelâcombined.
OPEC is drafting an agreement to tie Russia into a so-called “super group” of oil producers.
(Fri, 16 Feb 2018) EIA expects total 2017 U.S. coal production to be 773 million short tons (MMst), 45 MMst higher than in 2016 and the largest year-over-year tonnage increase since 2001. Coal prices across the United States rose as well, especially for Central Appalachian coal.
(Thu, 15 Feb 2018) The United States had 341.1 trillion cubic feet (Tcf) of natural gas proved reserves as of the end of 2016, an increase of 5% from 2015, according to EIAâs recently released <em>U.S. Crude Oil and Natural Gas Proved Reserves</em> report. U.S. crude oil and lease condensate proved reserves remained virtually unchanged from their 2015 level, at 35.2 billion barrels.
(Thu, 15 Feb 2018) The <em>International Energy Outlook 2017</em> anticipates a large increase in oil and natural gas production with many large, capital-intensive projects that will come online after 2025 to meet rising demand. This Issues in Focus paper discusses recent trends in the upstream oil and natural gas markets; explains how these trends are reflected in IEO2017; and covers some of the uncertainties surrounding the projections.
(Wed, 14 Feb 2018) Solar photovoltaic (PV) module imports into the United States have increased significantly in recent years and represent a sizable portion of installed solar capacity. In 2016, U.S. imports of solar modules measured in direct current (DC) totaled 13 gigawatts (GWDC)âup from 2 GWDC in 2010âwith two-thirds of 2016 imports coming from Malaysia, China, and South Korea.
