Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

US cuts natgas 2017 output growth forecast, raises 2018 outlook

NEW YORK (Reuters) — US natural gas production growth is expected to surge in 2018, after rising more modestly in 2017, the US Energy Information Administration (EIA) said in a monthly report Tuesday.

US dry natural gas production was forecast to rise to 73.45 Bcfd in 2017 from 72.85 Bcfd in 2016, according to the EIA's Short-Term Energy Outlook (STEO).

The latest November output projection was a little lower than EIA's 73.63-Bcfd forecast in October and falls short of the record high 74.14 Bcfd produced on average in 2015.

The EIA also projected natural gas production would rise to 78.90 Bcfd in 2018, up from a forecast of 78.49 Bcfd issued in October.

Total gas consumption in the US is likely to fall slightly in 2017 to 73.06 Bcfd from 75.1 Bcfd a year earlier. Total consumption is expected to rebound in 2018 to 76.83 Bcfd.

However, natural gas usage in US homes is expected to grow in both years, rising slightly to 11.90 Bcfd in 2017 and climbing to 12.89 Bcfd the following year.

“We foresee a likely rebound in average household residential consumption of natural gas this winter, as we expect temperatures to be closer to average and therefore colder than last year,” said John Conti, acting EIA administrator.

Reporting by Jessica Resnick-Ault; Editing by Chizu Nomiyama and Marguerita Choy

Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Business Trends: Opportunities and risks in the global LNG market
-Michael Hinton
Natural gas use has strongly increased around the globe, supported by higher demand and growing availability of gas.
EWAnalysis: Impact of technology on gas processing plants
-Bob Andrew
The gas processing industry has modernized and embraced technology throughout boom and bust cycles.
Executive Interview: BHGE enhances LNG, process plant services with digital portfolio
-Maria Sferruzza
Maria Sferruzza is President, LNG and Global Services for BHGE’s Turbomachinery and Process Solutions (TPS) business, based in Florence, Italy.
Industry Trends: Five trends shaping the North American gas market to 2030
-Yasmine Zhu
The shale revolution has changed the game for the North American natural gas market over the past decade.

GasPro 2.0: A Webcast Symposium

Register Now

The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

Register Now


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.