Natural gas exports in Texas are dropping faster than expected as a new generation of shale gas exploration wells has developed.
That means fewer natural gas export opportunities for the state’s small producers, who rely on the gas for heating their homes and businesses.
That’s a problem for Texas’s economy and the state, which relies on exports to fund its $1.5 trillion debt and to cover its health care and other needs.
But it also presents an opportunity for natural gas producers.
The Texas Association of Petroleum Exporters estimates the value of Texas’s liquefied natural gas (LNG) exports to be $30 billion a year.
But a new analysis by The Texas Tribune’s Texas Business Group shows that LNG exports are now down by nearly 80 percent from their 2015 levels.
The study by the Texas Association for the Advancement of Natural Gas (TAAG) found that in 2015, Texas exported $25.3 billion worth of LNG, but that total was down to $14.4 billion last year.
That decline in export revenues has made the state more vulnerable to the impact of a gas price spike and the potential for more competition in the industry.
TAAG president Scott Taylor says the impact on the state economy and on the environment are “unrealistic.”
“There are some very real, very real economic impacts,” he said.
“The cost of building a natural gas infrastructure in Texas is $6,000 to $7,000 per unit, which is a lot of money.
The cost of upgrading our transmission and distribution infrastructure is even higher, especially for rural areas.
There are so many factors that are impacting the state.”
Texas is home to some of the largest LNG facilities in the world.
Its LNG terminals are among the largest in the country.
LNG imports totaled $16.3 trillion in 2016, or $7.6 trillion a year, according to the U.S. Energy Information Administration.
Those imports come from both the U: United States and Canada.
Texas has been one of the top producers of Lng imports since at least 2014, when it was the fifth largest market.
But the state has been struggling to compete with a surging China and India, and a growing appetite for LNG from other countries.
Natural gas prices have risen to an average of $4.13 per thousand cubic feet, up from an average $2.80 in 2016.
And the price of LPG has skyrocketed.
Last month, the U