The United States produced, consumed, and exported record volumes of natural gas last year, following years of rising output due to fracking and horizontal drilling, the Energy Information Administration (EIA) said on Friday. According to EIA’s estimates, domestic production of dry natural gas rose to nearly 34 trillion cubic feet (Tcf) while consumption increased to 31 Tcf in 2019, setting records. Exports also rose to record levels last year, thanks to growing production and more liquefied natural gas (LNG) export terminals coming online. In 2019, the United States exported a record level of nearly 5 Tcf of natural gas, predominantly by pipeline to Mexico and Canada or shipped overseas as LNG, the EIA said. Natural gas imports, on the other hand, dropped to their lowest levels since 2015. U.S. natural gas exports surpassed imports in 2017 for the first time since 1957. This year, however, higher stocks, the demand […]