US still qualifies as world’s biggest importer of natural gas
A new report published by EIA examines recent trends in the international trade of natural gas for the US. Net US imports of natural gas hit an all-time high of 3,785 billion cubic feet (Bcf) in 2007, while pipeline exports to Canada continued to expand as well, illustrating the highly integrated North American markets.
Figure 1. Flow of Natural Gas Imports and Exports, 2007 (Billion Cubic Feet)
US imports of liquefied natural gas (LNG), delivered via ocean-going tankers, also reached historically high volumes in 2007 with large percentage growth over the previous year. LNG is natural gas, primarily methane, which has been cooled to its liquid state at -260°F (-162.2°C). Liquefying natural gas reduces the volume it occupies by more than 600 times, making it a practical size for storage and transportation.
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