The US Energy Information Administration (EIA)expectsthat the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and natural gas prices increase. In its July Short-Term Energy Outlook (STEO), EIA forecasts that natural gas ...
But whereas oil production will begin to decline in 2020, natural gas production will increase by 56% during 2012-2040. The expanding supply will lower prices, providing a powerful boost to gas-intensive industries, driving greater exports of natural gas, and allowing natural gas to displace ...
natural gas industry. At the event, the panel arrived at a consensus that natural gas has a strong future, but industry leaders need to make efforts to inform the public and legislators of its benefits in order to utilize the large supply build up. Rick Smead of Navigant Consulting Inc. ...
In its April's Short-Term Energy Outlook (STEO), EIA said the increase is a result of colder forecast temperatures in 2022 compared with 2021, which results in more consumption in the residential and commercial sectors. In addition, the U.S. industrial sector will consume more natural gas in...
The U.S. Energy Information Administration estimates US natural gas consumption to reach record levels in 2022, partly because of increased natural gas use in the electric power sector, according to its January Short-Term Energy Outlook.
LNG front-month futures prices this year have been consistently lower than last year, chiefly in response to the increased natural gas storage inventories in Europe. Global natural gas prices in East Asia and at the Title Transfer Facility (TTF) in Europe are down more than 50% compared with...
dry natural gas production will reach 45 Tcf by 2050. Production growth results largely from continued development of tight and shale resources in the East, Gulf Coast, and Southwest regions, which more than offsets production declines in other regions. Dry natural gas production from these three...
EIA's Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report collects monthly oil and natural gas production data from a sample of operators of oil and natural gas wells in 15 U.S. states, the Federal Offshore Gulf of Mexico, and collectively from the remaining states and th...
formations such as the Marcellus and Utica in the East region and the Haynesville in the Gulf Coast region. A smaller but still significant portion of the growth is from natural gas production in oil formations (also known as associated gas), especially in the Permian Basin in ...
It was the first October pull in more than 10 years, driven by weather demand and mounting momentum in liquefied natural gas (LNG) export volumes. However, the additions to stockpiles resumed during the first week of November. EIA reported an injection of 8 Bcf for the week ending N...