Mild winter temperatures across much of the central and eastern United States reduced heating demand and dropped domestic natural gas consumption to the lowest levels in years. Following a cold start to winter last December, benign weather prevailed over the first two months of this year. As a result, in January, U.S. natural gas consumption…
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Natural Gas Demand and LNG Exports Growing, but Longer Term Outlook ‘Uncertain,’ Says BP
Global oil demand is falling, but natural gas prospects, including for LNG, will depend on the speed of the energy transition, with rising consumption in emerging economies expected to be offset by the developed world’s lower carbon resources, according to BP plc. The BP Energy Outlook 2023, the annual report by the supermajor, focuses on…
U.S. Power Sector Consumed Less Natural Gas in 2021, but Demand Seen Rebounding This Year
Consumption of natural gas by U.S. power generators fell by 3% year/year in 2021 after four straight years of growth, the Energy Information Administration (EIA) said Monday. “High natural gas prices in 2021 made natural gas a less competitive fuel, particularly compared with coal; coal prices for electricity generators remained relatively stable in 2021,” said…
Overall U.S. Energy Consumption Fell in 2020, but Natural Gas Remained at Record Levels
The United States saw the largest recorded annual decrease in overall energy consumption last year, falling from 100 quadrillion (quad) Btu in 2019 to 93 quad in 2020, according to the Energy Information Administration (EIA). However, renewable energy demand grew. The Covid-19 pandemic and other economic factors played a significant role in reducing energy consumption,…
NGI The Weekly Gas Market Report
U.S. Renewables Consumption Outpaced Coal in 2019, Thanks in Part to Natural Gas
The United States’ use of coal continued to decline in 2019, while renewable energy and natural gas consumption remained strong, according to the Energy Information Administration (EIA).
U.S. Petroleum Consumption to Lowest Level Since Early 1990s on Covid-19 Mitigation
Consumption of petroleum products in the United States fell to 13.8 million b/d in the week ending April 10, according to the Energy Information Administration (EIA), the lowest level since at least the early 1990s, when the agency began publishing such data.
NGI The Weekly Gas Market Report
EIA Trims 2020 Natural Gas Price Forecast to $2.33; Relief Seen in 2021
Domestic natural gas production will continue to outpace consumption in 2020, resulting in Henry Hub spot prices averaging only $2.33/MMBtu for the year, a 24-cent decline from the 2019 average of $2.57/MMBtu, which in turn was down 59 cents compared with 2018 levels, according to the Energy Information Administration (EIA).
Growing Asian Natural Gas, Petroleum Consumption Outpacing Supply, Says EIA
Natural gas and petroleum consumption is rising in Asia faster than supply is growing, potentially shifting trade patterns and infrastructure investments, according to the U.S. Energy Information Administration (EIA).
Onshore Natural Gas Output on Pace to Match Demand, Pressuring Prices, Says EIA
Domestic natural gas production growth is expected to keep pace with demand and exports this year, and inventories will build faster than the five-year average, keeping a lid on Henry Hub prices, which are expected to average just $2.89/MMBtu in 2019, according to the Energy Information Administration (EIA).
US. Natural Gas Consumption Slips in 2017 as Renewables Reach New Heights, Says EIA
In a stark change from recent trends, natural gas consumption in the United States fell 1.4% in 2017, according to the Energy Information Administration (EIA).