NS4960 Spring Term 2018 U.S. Energy Trade, 2016 Oxford Analytica, US Fuel Exports will lead booming energy trade

Overview The U.S. exported 54.7 million tons of coal in 2016, a 18.5% decrease from 2015 Despite coal’s decline, overall energy exports hit record levels in 2016 due to Years of strong domestic output growth and Major investments in new infrastructure to link US oil and gas fields with international markets. U.S. produced Refined fuel products Cruse oil and Natural gas liquids Now pose new challenges to established exporters in the Middle East and Russia

Likely Impacts Several likely developments in the energy export area OPEC exporters will have to compete directly with US shale producers for market share in high-growth regions such as Asia Major LNG exporters like Qatar and Australia are likely to see low global gas prices for many years as new US supply hits the market Midstream companies will see strong growth opportunities reshaping US energy infrastructure for exports U.S. government’s efforts to boost coal in other advanced economies’ energy markets are unlikely to meet with success Total energy exports are at record highs and should continue to rise over the coming years as domestic output picks up US energy exports in 2016 were double amount in 2009 and expected to rise by a further 20% in 2017