Shale Gas Cuts into Natural Gas Trade

The boom in shale gas production over the last decade has eaten away at natural gas imports. New data released by the Energy Information Administration shows that the value of U.S. imports of natural gas hit their lowest levels in over 20 years. The U.S. imports natural gas largely through pipelines from Canada, but with such an abundance of domestic gas production, imports have dropped precipitously since 2005.Yesterday, EIA released data showing that tight oil production has led to a significant drop in oil imports. Today’s data shows a…

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