US natgas output and demand to hit record highs in 2023 -EIA

Matt Dusk sings Sinatra in Halifax/PEI/Moncton | SaltWire - U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Wednesday.

The agency also projected domestic gas consumption would rise from a record 88.46 bcfd in 2022 to 89.17 bcfd in 2023 before sliding to 88.38 bcfd in 2024. The latest projections for 2023 were higher than the EIA's September forecast of 102.69 bcfd for supply, but lower than its September forecast of 89.72 bcfd for demand.

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