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EIA: US natgas production and demand will reach record highs by 2025

The U.S. Energy Information Administration (EIA) said Tuesday that the Short-Term Energy Outlook, or STEO, will show record levels of natural gas production and demand in 2025.

EIA predicted that dry gas production would increase from 103.2 billion cubic feet per day (bcfd) in 2024, to 107.1 bcfd by 2025, and 107.4bcfd by 2026. This compares to a record of 103.6 bcfd for 2023.

The agency also predicted that domestic gas demand will increase from 90.5 bcfd, a record in 2024, to 91.6 bcfd by 2025 and 2026. The EIA forecasts from September were 106.6 bcfd in production and 91.5 for demand. The agency predicted that average U.S. exports of liquefied gas would increase to 14.7 bcfd by 2025, and 16.3 bcfd by 2026. This is up from 11.9 bcfd at a record in 2024. The EIA predicted that U.S. coal output would increase from 512.1 million short tonnes in 2024 - the lowest level since 1964 - to 531.3 millions tons in 2020, before dropping to 493.6 tons in 2030, which is the lowest level since 1963. EIA predicted that carbon dioxide (CO2) emission from fossil fuels will rise from a low of 4.793 million metric tonnes in 2024, to 4.880 millions metric tones in 2025, as oil, gas and coal consumption increases. Then, the emissions would ease to 4.844 million metric tones in 2026, as oil and coal usage declines. (Reporting and editing by Rod Nickel, Emelia Sithole Matarise and Scott DiSavino)

(source: Reuters)