Natural Gas Demand Gains to Outpace Supply Growth in 2025 as Exports Rise, EIA SaysHenry Hub natural gas spot prices will average $2.60-2.70/MMBtu in 2024 before climbing further next year amid higher LNG exports and slowing production growth, the U.S. Energy Information Administration (EIA) ...
U.S. natural gas production and demand will drop in 2020 and 2021 from record highs last year as government steps to slow the spread of coronavirus cut economic activity and energy prices, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Jul...
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 ...
relatively full natural gas inventories in the United States and Europe and expanded global liquefied natural gas (LNG) export and import capacity have improved the likelihood that global gas supply is sufficient to meet demand in the 2023–24 winter season (November–March). ...
demand. Although natural gas prices were high compared with the previous five years, coal supply constraints, relatively high coal prices, and below-average stockpiles at coal-burning power plants contributed to less coal-fired power generation and more natural gas-fired power ge...
U.S. natural gas production will increase in 2021 and demand will fall, the U.S. Energy Information Administration said in its Short Term Energy Outlook.
The 2019 demand projection in the November STEO report was up from EIA’s 84.25 Bcf/d forecast for the year in October. EIA projected output in 2020 would rise to 94.95 Bcf/d, and demand would rise to 86.45 Bcf/d. The agency forecast U.S. net gas exports would reach 4.8 Bcf/d in...
warmer-than-average weather along with the effects of the responses to COVID-19 drove down natural gas demand and further reduced prices. The lowest average monthly US natural gas production volume was in May 2020 at 106.4 billion ft3/d. By December 2020, natural gas production had incre...
Near-Term Demand Projection LSEG anticipates a slight rise in gas demand to 111.4 bcfd next week, although this is lower than earlier estimates. Weather Influence on Demand NatGasWeather forecasts varying weather patterns, leading to very low gas demand initially, followed by moderate demand due ...
Natural Gas In March, the U.S. benchmark Henry Hub natural gas spot price averaged $2.62 per million British thermal units (MMBtu), which is down from the February average of $5.35/MMBtu. The Henry Hub price declined primarily because the cold weather and related high demand and market...