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US will be a net energy exporter by 2022, four years sooner than expected: Dept of Energy

February 7, 2018

The United States is on pace to export more energy products than it imports by 2022 as oil and natural gas production from the nation’s shale fields keep booming and domestic energy demand remains fairly tepid, according the Department of Energy’s statistics arm.

The country will achieve the feat as it expands natural gas exports beyond its traditional North American markets, shipments of crude oil increase and outward flows of refined products like gasoline remain robust, the Energy Information Administration said in its Annual Energy Outlook.

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