U.S. will be liquid exporters at 2020, EIA says

The United States will be liquid exporters of petroleum and refined products in September 2020, and later, by the end of the same year, would export at least 1 million barrels per day more than they will import, according to a projection made by the U.S. government.

The next year should be the first prolonged in seven decades when the US, which were previously large importers, will export the surplus oil and fuel, after doing so during a week at the end of November, indicated the Energy Information Administration of USA (EIA) in monthly projection.

These effects result from the impact of the expansion of shale in the USA, a country that has more than doubled its production since 2010 and that can exceed the mark of 13 million barrels per day until the end of 2020.

Crude oil and derivative exports may increase when new pipelines pave the way for oil pumped into the Permian basin in western Texas and New Mexico to be transported to the Gulf Coast where it will be destined for refineries in Asia, Europe and from other places. More than two-thirds of the change can be credited to shipments of petroleum derivatives, led by the exportation of gaseous liquids such as ethane, butane and propane.

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