Blog

Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Request a Quote for Your Business

ENGIE Resources is ready to analyze your historical electricity usage data and present appropriate options. Request now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

EIA Forecasts Natural Gas Production Will Increase

April 12, 2018

US dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017. EIA forecasts production will increase by 7.5 Bcf/d in 2018, which average to 81.1 Bcf/d, establishing a new record. EIA expects natural gas production will rise to 82.8 Bcf/d by 2019.

Growing US natural gas production is expected to support both growing domestic consumption and increasing natural gas exports in the forecast.  EIA forecast US consumption increases by 4.2 Bcf/d in 2018 and by 0.7 Bcf/d in 2019, with electric power generation the leading contributor to this increase.