U.S. dry natural gas production was 2.19 Tcf in June, a 1.9% increase from 2.15 Tcf in June 2016, breaking a series of year/year declines dating back to February 2016, according to the Energy Information Administration (EIA). It was the largest year/year increase in any month since November 2015.
Domestic dry gas production declines began early last year, and for full-year 2016, production was an estimated 26.5 Tcf (72.4 Bcf/d), down from the record 27.1 Tcf (74.2 Bcf/d) in 2015, but still above the 25.9 Tcf (71.0 Bcf/d) recorded in 2014, according to EIA. Dry natural gas production was 2.23 Tcf in May, a nearly 1% decline from 2.25 Tcf in May 2016, marking a 15th consecutive month of declines compared with year-ago periods.
Marketed production in June was 2.35 Tcf, an increase compared with 2.30 Tcf in June 2016, according to EIA's Natural Gas Monthly report. Production estimates are based on data from the EIA-914, Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report.
At the same time, natural gas consumption declined, reaching 1.88 Tcf in June, a 6.0% decline compared with 2.00 Tcf a year ago. Consumption in June was the lowest for the month since 2014, EIA said.
Year-over-year total consumption of dry gas in May increased in two of the four consuming sectors. Residential deliveries in June rose slightly to 4.13 Bcf/d from 4.12 Bcf/d in June 2016, and industrial deliveries were 20.3 Bcf/d, compared with 19.7 Bcf/d a year before. Industrial deliveries were the highest for June since EIA began using its current sectoral definitions in 2001.
Electric power deliveries, on the other hand, fell to 27.8 Bcf/d Bcf in June, a 14.1% decrease from 32.4 Bcf/d in June 2016, EIA said, and commercial deliveries were 4.61 Bcf/d, down from 4.63 Bcf/d.
The United States was a net exporter of natural gas for a third consecutive month in June, with total exports reaching 253.3 Bcf, compared with 183.1 Bcf in June 2016. Total natural gas imports in June were 239.8 Bcf, a decline from 241.9 Bcf a year earlier.
U.S. gas exports to Mexico increased in June from a year ago to 134.8 Bcf via pipelines, from 115.8 Bcf in June 2016, and it exported 66.7 Bcf to Canada via pipelines, versus 50.7 Bcf in June 2016.
Total liquefied natural gas (LNG) exports were 52.5 Bcf in June, a significant increase from June 2016 when the United States exported 16.4 Bcf of LNG, EIA said.