U.S. Exported 30% of the Energy it Produced in 2024
According to the U.S. Energy Information Administration (EIA), the United States set multiple records for energy production and exports in 2024. Of the record 103 quadrillion British thermal units (quads) of total primary energy production in the United States, a record 31 quads went to other countries. Who knew?! In 2024, the U.S. exported 55% of its domestic crude oil and natural gas plant liquids (NGPL) production either directly as crude oil or as processed petroleum products such as propane, distillate fuel oil, and motor gasoline. Read More “U.S. Exported 30% of the Energy it Produced in 2024”
Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see 
Glenfarne’s Texas LNG facility in Brownsville, Texas, will have the capacity to export 4 MTPA. EQT Corporation, the largest natural gas producer in the Marcellus/Utica, signed two agreements with Glenfarne to liquefy 2.0 million tons per annum (MTPA) of EQT-extracted shale gas at the facility when it’s built (see 
Freeport LNG has become something of a punchline with respect to the frequent outages experienced at the facility. Except, it’s no laughing matter. Outages at Freeport have happened so frequently that we’ve lost count. Wednesday, the facility was offline again, affecting gas flows to (and from) the facility on Wednesday and Thursday. This time, the reason for the outage was that power to the City of Freeport and surrounding communities, including the LNG plant, was out. Which raises the question, doesn’t Freeport LNG have a backup generator for times like that? Apparently not. When Freeport goes down, it affects natural gas prices here at home and around the world. Yes, this one facility has that kind of impact. 
In the U.S. Energy Information Administration’s (EIA) Today in Energy online publication, the EIA lays out the case that more Marcellus/Utica molecules will help supply Gulf Coast LNG export facilities in the future. The EIA says the economics of producing more gas in the Appalachian Basin are more favorable. It’s just cheaper to produce natural gas in the M-U. The EIA’s models show that natural gas is and will transit through the Eastern Midwest region on the way to the Gulf Coast. Pipelines will carry our molecules over (to the Midwest) and then down (to the Gulf Coast). It’s a beautiful thing! 
In June, MDN told you that Venture Global (VG) had begun construction on the Calcasieu Pass 2 (CP2) LNG export facility in Cameron Parish, Louisiana (see 
President Donald Trump has been visiting Europe. Lucky him. While there, he finalized a trade agreement with the European Union (EU) that is “the biggest [trade] deal ever,” according to Trump. While there are many components to the deal, the key, the big piece we are interested in, is energy. The EU has agreed to buy $750 billion worth of our energy exports (mostly LNG) over the next 3 1/2 years of Trump’s presidency, and invest another $600 billion in the U.S. during the same period. Massive! The deal is so big, so massive, and such a success that mainstream media is panning it as unrealistic and an impossible fantasy. They haven’t learned their lesson with Trump. Never underestimate him. 
Freeport LNG, located near Galveston, Texas, currently exports roughly 15 million tonnes per annum (MTPA) of LNG from three trains—when it’s actually up and running. The Freeport facility has been plagued with outages, the most spectacular of which happened in June 2022, taking the facility offline for 10 months (see 
Freeport LNG, located near Galveston, Texas, currently exports roughly 15 million tonnes per annum (MTPA) of LNG from three trains—when it’s actually up and running. The Freeport facility has been plagued with outages, the most spectacular of which happened in June 2022, taking the facility offline for 10 months (see