EIA: US natgas production and demand will reach record highs by 2025
The U.S. Energy Information Administration stated in its "Short-Term" Energy Outlook on Tuesday that U.S. Natural Gas output and demand would 'both rise to new record highs by 2025.
EIA projects that dry gas production in 2026 will increase from 103.2 billion cubic feet per day to 107.7 in 2025, and 109.1 in 2026. This compares to a record 103.6 bcfd for 2023.
The agency also predicted that domestic gas consumption would?rise? from a record high of 90.4 bcfd by 2024, to 91.8bcfd by?2025, before slipping to 90.8bcfd by 2026.
The December 2025 projections were higher than the EIA demand forecast of 91.6 billion cubic feet per day (bcfd) in November, but unchanged from their production forecast of 107.7 billion cubic feet per day.
The agency predicted that average U.S. LNG exports will rise to 16.3 bcfd by 2026 and 14.9 bcfd by 2025, up from 11.9 bcfd at a record in 2024.
The EIA predicted that U.S. coal output would increase from 512.5 million short tons, the lowest level since 1964, in 2024 to 531.5 million tons in 2020, before dropping to 519.6 millions tons in 2030.
EIA predicted that carbon dioxide emissions from fossil fuels will rise from a low of 4.792 metric tons four years ago to 4.883 metric tonnes in 2025, as oil, gas and coal use increase, before decreasing to 4.823 metric tons by 2026, as oil and coal usage declines. (Reporting and editing by Chris Reese, Leslie Adler and Scott DiSavino)
(source: Reuters)
