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EIA - Liquid Fuels and Natural Gas in the Americas

04-Dec-2014

Source: Energy Information Agency

Page Count: 63

Date: January 2014

From the Document:

This report examines the major energy trends and developments of the past decade in North America, Central America, the Caribbean, and South America, collectively referred to as “the Americas.” The report focuses on liquid fuels and natural gas—particularly, reserves and resources, production, consumption, trade, and investment—given their scale and significance to the region.

Liquid fuels include all petroleum and petroleum products, natural gas liquids, biofuels, and liquids derived from other hydrocarbon sources. Natural gas is the gaseous mixture of hydrocarbon compounds. Dry natural gas (also known as consumer-grade natural gas) is the gas that remains after the liquefiable hydrocarbon portion and any nonhydrocarbon gases have been removed. The term “natural gas” is often used interchangeably with “dry natural gas.”

While the report considers the region as a whole and its relationships with Africa, Asia and Oceania, Eurasia, Europe, and the Middle East, it also discusses the principal energy-producing and consuming countries individually, based on energy statistics available the past decade.

The growing importance of Asia to the Americas is also discussed. While the United States is the leading trading partner for liquid fuels in the major markets of the region, countries of the Americas are sending increasing volumes of liquid fuels to China and India in the past decade. In most cases, China and India are the two top export destinations outside the Americas for the region’s crude oil. The report also looks at Asia’s, particularly China’s, considerable investments in oil and natural gas assets in the Americas.

This report is structured to be concise. In the following chapters, the first bolded statement under each header is considered the primary message of the section. Bullet points following the header provide supporting information and describe important related trends and developments, generally based on a decade of the best and most current data available to EIA, which most often ends in 2012 but in some cases may end as early as 2010.

The report is divided into four sections. The first section looks at the Americas in a global context. The second section covers liquid hydrocarbon production and consumption and provides statistics and information on proved oil reserves, undiscovered reservoired oil resources, and tight oil resources; trade within the Americas and also imports and exports to and from the Americas; and crude oil exports from the Americas to China and India.

The third section discusses natural gas, including proved natural gas reserves, undiscovered reservoired resources, and shale gas resources; dry natural gas production and consumption; and global trade in dry natural gas to and from the Americas, with a focus on LNG.

The fourth and last section examines global investment in the region’s energy sector, highlights Asia’s investment in the region’s LNG assets, as well as China’s growing presence in its oil sector, and details the laws and regulations of the major producing countries in the Americas region.

Unless otherwise noted, EIA is the source for data cited in the report and monetary figures are in nominal U.S. dollars (not adjusted for inflation).