EIA: U.S. natgas output and demand to hit record highs in 2025
U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.
EIA projected dry gas production will rise from 103.2 Bft3d in 2024 to 105.9 Bft3d in 2025 and 106.4 Bft3d in 2026. That compares with a record 103.6 Bft3d in 2023.
The agency also projected domestic gas consumption would rise from a record 90.5 Bft3d in 2024 to 91.3 Bft3d in 2025 before easing back to 91.1 Bft3d in 2026.
The June projections for 2025 were higher than EIA's 104.9 Bft3d supply forecast in May, and unchanged from the agency's 91.3 Bft3d demand forecast in May.
The agency forecast average U.S. liquefied natural gas (LNG) exports would reach 14.6 Bft3d in 2025 and 16 Bft3d in 2026, up from a record 11.9 Bft3d in 2024.
As renewable sources of power displace coal-fired plants, the agency projected U.S. coal production would fall from 512.1 MM short tons (t) in 2024, the lowest since 1964, to 511.9 MMt in 2025, still the lowest since 1964, and 480.4 MMt in 2026, the lowest since 1963.
EIA projected carbon dioxide (CO2) emissions from fossil fuels would rise from a four-year low of 4.777 B tonnes in 2024 to 4.832 B tonnes in 2025 as oil, coal and gas use increases, before easing to 4.769 B tonnes in 2026 as oil, coal and gas use declines.
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