EIA: US natgas production and demand will reach record highs by 2025
The U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook, published on Tuesday, predicted that both the U.S. Natural Gas output and demand would reach record levels in 2025.
EIA projects that dry gas production in 2024 will increase from 103.2 billion cubic feet per day (bcfd), to 105.9 in 2025, and then 106.4 in 2026. This compares to a record-breaking 103.6 bcfd for 2023.
The agency also predicted that domestic gas consumption will rise from 90.5 bcfd, a record in 2024, to 91.3 bcfd by 2025 and then ease back to 91.1bcfd by 2026.
The EIA forecasts for June 2025 are higher than the 104.9 billion cubic feet per day (bcfd) supply forecast from May. However, they remain unchanged compared to May's 91.3 billion cubic foot per day (bcfd) demand forecast.
The agency predicted that average U.S. LNG exports in 2025 would be 14.6 billion cubic feet per day (bcfd) and 16.0 billion cubic feet per day in 2026. This is up from 11.9 billion cubic feet per day in 2024.
The agency predicted that coal production in the United States would decline from 512.1 million short tonnes in 2024 - the lowest level since 1964 - to 511.9 millions tons in 2020, which is still the lowest level since 1964, then 480.4 million in 2026 – the lowest ever since 1963.
EIA predicted that carbon dioxide (CO2) emission from fossil fuels will rise from a low of 4,777 billion metric tonnes in 2024, to 4.832 million metric tones in 2025, as oil, gas and coal use increase, before decreasing to 4.769 million metric tones in 2026, as oil, gas and coal use decline. (Reporting and editing by Andrea Ricci; Scott DiSavino)
(source: Reuters)
