US Natural Gas Production Set to Hit Record High in 2021

The EIA also projected gas consumption would slide to 83.03 Bcf/d in 2021 before rising to 83.06 Bcf/d in 2022 from 83.25 Bcf/d in 2020. That compares with a record high of 85.29 Bcf/d in 2019.

Reuters

U.S. natural gas production will rise to a record high in 2021 after falling last year as the pandemic stifled demand, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Nov. 9.

The EIA projected dry gas production will rise to 93.34 Bcf/d in 2021 and 96.69 Bcf/d in 2022 from 91.49 Bcf/d in 2020. That compares with an all-time high of 92.87 Bcf/d in 2019.

The agency also projected gas consumption would slide to 83.03 Bcf/d in 2021 before rising to 83.06 Bcf/d in 2022 from 83.25 Bcf/d in 2020. That compares with a record high of 85.29 Bcf/d in 2019.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access