The EIA’s natural gas consumption forecasts
The EIA forecasts that US natural gas consumption will increase in 2015 as a result of increased demand from industrial and electric power sectors. The EIA forecasts that total natural gas consumption will average 74.3 Bcf/d (billion cubic feet per day) in 2015 and 75.2 Bcf/d in 2016, compared with an estimated 73.3 Bcf/d in 2014.
As a result of the sharp decline in active drilling rigs, there will be less associated gas coming to market from the shale plays about the time that the U.S. begins exporting LNG.
Natural gas prices will remain depressed until at least the 4th quarter of this year.
Natural Gas Outlook
Natural Gas Outlook
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group