The US Energy Information Administration’s (EIA) latest ‘Natural Gas Monthly’ reports that dry natural gas production increased year to year for March 2019, for the 23rd consecutive month.
The preliminary level for dry natural gas production in March 2019 was 2771 billion ft3, or 89.4 billion ft3/d. This level was 9.2 billion ft3/d (11.5%) higher than the March 2018 level of 80.2 billion ft3/d. The average daily rate of dry natural gas production for March was the highest for any month since EIA began tracking monthly dry natural gas production in 1973.
The estimated natural gas consumption level in March 2019 was 2882 billion ft3, or 93 billion ft3/d. This level was 3.9% higher than the 89.5 billion ft3/d consumed in March 2018. Natural gas consumption for March reached the highest level for the month since 2001, when EIA began using the current definitions for consuming sectors.
Year-over-year total consumption of dry natural gas in March 2019 increased in all four consuming sectors (residential, commercial, industrial and electric power).
Net natural gas imports (imports minus exports) were -119 billion ft3, or -3.8 billion ft3/d in March 2019, making the US a net exporter. Total imports were 8.2 billion ft3/d, a decrease of 7.7% compared with 8.8 billion ft3/d in March 2018. Total exports were 12 billion ft3/d, an increase of 27.4% compared with 9.4 billion ft3/d in March 2018. Natural gas exports were the highest for the month since EIA began tracking monthly exports in 1973. The increase in exports continues to be driven by LNG. LNG exports in March 2019 were 42.4% higher than in March 2018. In March 2019, the US exported 4.2 billion ft3/d of LNG to 20 countries. LNG exports were the highest for any month since EIA began tracking them in 1997.
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