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US natgas output, demand seen rising to record highs in 2019 - STEO

Gasoil News - Published on Fri, 15 Mar 2019

Image Source: Reuters
Reuters citing, the Energy Information Administration's Short Term Energy Outlook (STEO), as saying that US dry natural gas production will rise to an all-time high of 90.73 billion cubic feet per day in 2019 from a record high of 83.35 bcfd in 2018. The latest March output projection for 2019 was up from EIA's 90.16-bcfd forecast in February.

EIA projected US 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.

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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