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News // Oil and gas worldwide

EIA: China is a key destination for increasing U.S. energy exports

12 July 2018 , 12:06Neftegaz.RU425

Washington, July 12 - Neftegaz.RU. In recent years, as its domestic energy consumption has grown, China has become a more significant destination for U.S. energy exports. In particular, China has been among the largest importers of U.S. exports of crude oil, propane and LNG.

 

In 2017, more U.S. crude oil was sent to China than any other destination except Canada. China received more U.S. crude oil in 2017 than the 3rd- and 4th-largest importers, the UK and Netherlands, combined. China has been the world’s largest net importer of total petroleum and other liquid fuels since 2013 and surpassed the United States as the world’s largest gross crude oil importer in 2017.

 

Based on data through April, China’s imports of U.S. crude oil have continued to increase, averaging 330 thousand bpd in 2018. In February 2018, China received more U.S. crude oil than any other destination. Nearly all of these crude oil exports were sent from the U.S. Gulf Coast region.

 

As U.S. liquefaction export facilities have come online, the United States has exported greater volumes of  LNG, averaging 1.9 Bcfd in 2017. Of that amount, 15% went to China, making it the 3rd-largest importer of U.S. LNG exports behind Mexico and South Korea. The next-largest importer, Japan, received about half as much U.S. LNG in 2017 as China. In 2017, China surpassed South Korea to become the 2nd-largest importer of LNG in the world.

 

Based on data through April 2018, China’s imports of U.S. LNG have averaged 0.4 Bcfd, behind only South Korea and Mexico. The next-largest importer of U.S. LNG, India, has received less than half as much U.S. LNG as China so far in 2018.

 

China also receives other petroleum product exports from the United States, such as petroleum coke and normal butane. Although China has large domestic supplies of coal, China also imports some coal from the United States. In 2017, China received 3.2 million short tons of U.S. coal, or 3% of total U.S. coal exports, making it the 10th-largest destination for U.S. coal exports.

 

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