EIA: US natgas production to reach record highs in 2026 while demand declines

The U.S. Energy Information Administration said in its short-term energy outlook on Tuesday that U.S. gas production will reach a record high in 2026 while demand will decrease.

EIA predicted dry gas production would rise from a new record of 107.7 billion cubic feet per day (bcfd), in 2025, to 109.5 bcfd by 2026 and then 112.3 bcfd by?2027.

The agency also predicted that domestic gas consumption would fall from 91.9 bcfd - a record - in 2025, to 91.4bcfd by 2026 before rising to 92.1bcfd by 2027.

The EIA forecasts of February were 110.0 bcfd in production and 91.6 bcfd in demand.

The agency predicted that the average U.S. exports of liquefied gas would increase from a record high of 15.1 bcfd to 16.7bcfd by 2026, and then 18.1bcfd by 2027.

The EIA predicted that U.S. coal output would fall from its two-year high of 533.0 millions short tons in?2025 to 513.9 million tonne in?2026 and 498.0 in?2027, which is the lowest level since 1963.

EIA predicted that carbon dioxide emissions from fossil fuels will 'decline, from a high of 4.904 metric tons three years ago to 4.820 metric tonne in 2026, as oil, coal, and gas consumption decreases. And 4.816 metric tonnes in 2027, as coal usage declines. (Reporting and editing by Deepa babington, Scott DiSavino)

(source: Reuters)