EIA Projects Record High Natural Gas Production and Consumption for 2016

Reuters reports that U.S. natural gas production in 2016 is expected to reach a record high of 79.68 Bcf/day according to the U.S. Energy Information Administration’s (EIA) March 2016 Short-Term Energy Outlook.  The forecast would be the sixth consecutive annual record high for U.S. gas production.  Natural gas consumption is projected to increase to 76.79 Bcf/day, which would be the seventh consecutive annual record high.  LNG gross exports are projected to increase to 0.5 Bcf/day in 2016 as a result of the recent startup of Cheniere Energy’s Sabine Pass LNG export terminal in Louisiana, and average 1.3 Bcf/day as the terminal ramps up its capacity.


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