The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries, is projected to grow from 14.8 million barrels/day (b/d) in 2015 to 18.6 million b/d in 2040 in its Annual Energy Outlook 2016 (AEO2016) Reference case.
According to US Energy Information Administration, three fossil fuels—petroleum, natural gas, and coal—have provided more than 80% of total U.S. energy consumption for more than 100 years. In 2015, fossil fuels made up 81.5% of total U.S. energy consumption, the lowest fossil fuel share in the past century.
U.S. propane exports have increased significantly over the past three years, but only after market participants overcame several transportation challenges to reach export customers. The first challenge was to build sufficient export capacity, which has mostly already taken place. The second challenge is how to economically transport large quantities of propane over long distances.
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