America just exported more natural gas than it imported — for the 1st time in almost 60 years

Canada and Mexico are the two biggest American customers.
(Image credit: iStock)

Last month, the U.S. exported more natural gas than it imported for the first time in almost 60 years. The country exported 7.4 billion cubic feet of liquefied gas a day in November, compared to the 7 billion cubic feet it imported daily, The Wall Street Journal reports.

American gas exports have jumped more than 50 percent since 2010, and the Department of Energy expects the U.S. to become the third-largest exporter of liquefied natural gas by 2020, behind Australia and Qatar. The two biggest U.S. customers are Canada and Mexico, who are partnered with the U.S. through the North American Free Trade Agreement. Plans to export to other partners, like South Korea and Singapore, are already in the works.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us