US Energy Information Administration, Monthly Energy Review
In 2024, the US exported about 30 per cent of its domestic primary energy production, with nearly all exports being fossil fuels destined for other countries in North America, Europe, or Asia, according to data in US Energy Information Administration (EIA) Monthly Energy Review.
The US set multiple records for energy production and exports, with 31 quadrillion British thermal units (quads) going to other countries.
In 2024, the US exported 55 per cent 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.
This growth was facilitated by several factors, including the removal of restrictions on crude oil exports in 2016, expansion of domestic exporting infrastructure, and the ban of seaborne crude oil imports from Russia in 2022.
The US exported about 20 per cent of its dry natural gas production in 2024, growing faster than domestic demand and imports.
Most of the exports growth went to countries in Europe and Asia, partly due to expanded domestic liquified natural gas (LNG) export capacity and increased European demand following Russia's invasion of Ukraine in 2022.
US coal exports account for a larger share of a shrinking market, with 25 per cent of its production exported in 2024.
However, US coal production, consumption, and imports declined as operators retired many domestic coal electric power plants.
Exports to Asia and Africa increased, while exports to Europe declined.
In 2024, Mexico was the top destination for US exports of both crude oil and petroleum products as well as natural gas.
India was the top destination for US coal exports.
With its large storage and regional trading hub located in Rotterdam, the Netherlands was a top five destination for US petroleum, natural gas, and coal in 2024, but those exports may later be sent to other countries in and around Europe.-OGN / TradeArabia News Service