EIA: US natgas production and demand will reach record highs by 2025 before declining in 2026
The U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook, released on Tuesday, predicted that the U.S. Natural Gas output and demand would both reach record highs by 2025. However, they will then decline in 2026.
EIA projects that dry gas production will increase from 103.2 billion cubic feet per day in 2024, to 106.4 in 2025, before slipping to 106.1 in 2026. This compares to a record of 103.6 bcfd for 2023.
The agency projected that domestic gas consumption will rise from 90.5 bcfd, a record in 2024, to 91.4 bcfd by 2025 and then ease back to 91.2bcfd by 2026.
The EIA's August 2025 supply forecast is higher than its July forecast of 105.9 billion cubic feet per day (bcfd). However, the agency's July demand forecast remains unchanged at 91.4 Bcfd.
The agency predicted that average U.S. LNG exports in 2025 would be 14.7 bcfd and 16.3bcfd by 2026. This is up from 11.9bcfd, which was a record in 2024.
The EIA predicted that U.S. coal output would increase from 512.1 million short tonnes in 2024 (the lowest since 1964) to 521.3 millions tons in 2020, before dropping to 490.9 millions tons in 2030, the lowest level since 1963.
EIA predicted that carbon dioxide (CO2) emission from fossil fuels will rise from a low of 4.778 million metric tonnes in 2024, to 4.856 million metrictons in 2025, as oil, gas and coal use increases. Then, the emissions would ease to 4.801 millions metric tones in 2026, as oil, gas and coal use decreases. Reporting by Scott DiSavino, Editing by Chizu nomiyama and Richard Chang
(source: Reuters)
