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.