In Colombia, natural gas consumption has been exceeding production
In 2020, when drought resulted in decreased hydroelectric power, Colombia imported 14.2 billion cubic feet (Bcf) of natural gas, which helped the country meet natural gas demand for electricity, according to our recently updated Colombia Country Analysis Brief.
Significant volumes of gasoline and distillate move from the Gulf Coast to the East Coast
The U.S. Gulf Coast is a key supplier of motor gasoline and distillate fuel to the U.S. East Coast. During March 2022, the East Coast received an average of 1.9 million barrels per day (b/d) of gasoline and 0.9 million b/d of distillate by pipeline, tanker, and barge from the Gulf Coast.
EIA estimates show a decrease in global surplus crude oil production capacity in 2022
Our new report, titled Global Surplus Crude Oil Production Capacity, provides estimates of global surplus crude oil production capacity in both OPEC countries and non-OPEC countries. Preliminary estimates for these data show that, as of May 2022, surplus capacity in non-OPEC countries decreased by 80% compared with 2021. The data show that, in 2021, 1.4 […]
Fire causes shutdown of Freeport liquefied natural gas export terminal
On June 8, 2022, a fire at Freeport LNG’s natural gas liquefaction plant on the Gulf Coast in South Texas led to the full shutdown of the facility. The shutdown of Freeport LNG will reduce total U.S. liquefied natural gas (LNG) export capacity by approximately 2 billion cubic feet per day (Bcf/d), or 17% of […]
Two new U.S. crude oil pipeline projects have been completed this year
As of June 3, 2022, pipeline companies completed two crude oil pipeline projects in the United States, according to our recently updated Liquids Pipeline Projects Database. No new hydrocarbon gas liquids or petroleum product pipeline projects were completed in the first five months of 2022.
EIA expects nine new Gulf of Mexico natural gas and crude oil fields to start in 2022
In our June 2022 Short-Term Energy Outlook (STEO), we forecast that new fields coming online in 2022 will account for 5% of natural gas production and 14% of crude oil production in the U.S. Federal Offshore Gulf of Mexico (GOM) by the end of 2023. We expect that GOM natural gas production will average 2.1 […]
EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023
In our June 2022 Short-Term Energy Outlook (STEO), we forecast that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. We forecast that petroleum production in the combined non-OPEC countries, excluding the Unites States and Russia, will increase by 3% (0.9 million […]
119 publicly traded global oil and natural gas companies added proved reserves in 2021
Annual financial reports by 119 publicly traded exploration and production companies show aggregate proved reserves of crude oil and natural gas increased by 19.2 billion barrels of oil equivalent (BOE) in 2021. A number of factors affect proved reserve levels, some of which depend on the price of crude oil or natural gas. Other factors […]
Most combined-cycle power plants have duct burners to combust turbine exhaust gases
Most combined-cycle power plants in the United States have duct burners that help them make additional use of combustion turbine exhaust gases. Combined-cycle power plants are the most prevalent technology used to generate electricity in the United States, and of the 278 gigawatts (GW) of combined-cycle power plants, about 75% (208 GW) have duct burners […]
Europe imported record amounts of liquefied natural gas in 2022
Europe’s (the European Union and the United Kingdom) liquefied natural gas (LNG) imports set an all-time historical record high in April 2022, averaging 16.5 billion cubic feet per day (Bcf/d) monthly and exceeding 19.0 Bcf/d on some days in April. Europe’s LNG imports increased in 2022 because natural gas storage inventories were at historically low […]