The U.S. is expanding its role as a net energy exporter
The U.S. is expanding its role as a net energy exporter, and will likely be a net oil exporter by 2020 as well, given rapid growth in pipeline infrastructure and export facilities around the Gulf coast. U.S. LNG (liquefied natural gas) export capacity is on track to double from 4.3 B cubic feet per day at the end of 2018 to 8.9 B at the end of 2020, according to Tuesday's EIA Today in Energy report. The fourth U.S. export facility just entered service ("phase one" of the Cameron LNG facility), and six should be in service by the end of 2018. For petroleum, the April trade balance report shows U.S. exports of $15.6 B and imports of $17.7 B. By end end of 2020, analysts expect both figures to be the $19 B area, with risk that exports will be higher and imports will be lower, leaving surpluses in most months.