Sieminski

U.S. dry natural gas production is forecast to continue growing “strongly” over the next two decades thanks to development of domestic shale resources, with the United States on track to become a net exporter of gas by next year, according to the latest projections from the Energy Information Administration (EIA).

World energy consumption will increase by 48% over the next three decades, with natural gas remaining a dominant source of that energy, but renewables will be the fastest-growing, the Energy Information Administration (EIA) said Wednesday.

World energy consumption will increase by 48% over the next three decades, with natural gas remaining a dominant source of that energy, but renewables will be the fastest-growing, the Energy Information Administration (EIA) said Wednesday.

Debuting its 2017 forecasts with the release of the Short-Term Energy Outlook Tuesday, the Energy Information Administration (EIA) said it expects modest price increases for natural gas to arrive next year as the market slowly adjusts to the current oversupply.