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Free AccessUS Gas Production and Demand to Reach Record High's 2022: EIA STEO
U.S. natural gas production and demand will rise to record highs in 2022 according to the EIA Short Term Energy Outlook (STEO).
- The EIA projected dry gas production will rise to 97.09 billion cubic feet per day (bcfd) in 2022 and 100.36 bcfd in 2023 from a record 93.55 bcfd in 2021.
- Projected gas consumption would rise from 82.97 in 2021 to 86.56 bcfd in 2022 before sliding to 84.63 bcfd in 2023. That compares with a record 85.29 bcfd in 2019.
- The EIA's latest projections for 2022 were higher than its August forecasts of 96.59 bcfd for supply and 85.16 bcfd for demand.
- The EIA forecast average U.S. liquefied natural gas (LNG) exports would reach 11.01 bcfd in 2022 and 12.34 bcfd in 2023, up from a record 9.76 bcfd in 2021.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.