The U.S. Energy Information Administration, in its monthly report said the country’s net natural gas imports fell during the first third of the year.
“Through the first four months of 2012, U.S. net imports (imports minus exports) of natural gas averaged just 4.5 billion cubic feet (Bcf) per day, down 26 percent from the corresponding period in 2011 and the lowest first third-of-year average since 1990. On an annual basis, U.S. net natural gas imports rose gradually from the late 1980s and peaked at over 10 Bcf per day in 2007. However, net imports have fallen sharply, the result of reduced imports and growing exports driven largely by significantly increasing domestic production associated primarily with shale gas development.
“Pipeline shipments from Canada are by far the leading source of U.S. natural gas imports. Liquefied natural gas (LNG) is an important secondary source, but higher natural gas prices…
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