U.S. Industry Metrics

The U.S. EIA expects domestic natural gas production to increase in 2021 as demand falls. The EIA projects that dry gas production will rise to 96.99 Bft³d in 2021 from 95.81 Bft³d in 2020 before rising to 99.63 Bft³d in 2022. That compares with 93.06 Bft³d in 2019. The EIA also expects gas consumption to fall to 82.32 Bft³d in 2021 from 83.25 Bft³d in 2020, and then rise to 82.87 Bft³d in 2022, compared with a record high of 85.15 Bft³d in 2019. In LNG news, Sabine Pass LNG has received authorization from the FERC to commission the fuel gas system for its Train 6 under construction. GP