U.S. dry natural gas production will rise to an all-time high of 90.73 billion cubic feet per day (bcfd) in 2019 from a record high of 83.35 bcfd in 2018, according to the Energy Information Administration’s Short Term Energy Outlook (STEO) on Tuesday.
The latest March output projection for 2019 was up from EIA’s 90.16-bcfd forecast in February.
EIA also projected U.S. gas consumption would rise to an all-time high of 83.57 bcfd in 2019 from a record high 82.06 bcfd in 2018.
That 2019 demand projection in the March STEO report was up from EIA’s 82.53-bcfd forecast for the year in February. (Reuters)
Reporting by Scott DiSavino; Editing by Chizu Nomiyama
