September 10, 2019 / 4:17 PM / 8 days ago

U.S. natgas output, demand seen rising to record highs in 2019

(Reuters) - U.S. dry natural gas production will rise to an all-time high of 91.39 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd last year, the Energy Information Administration said in its Short Term Energy Outlook (STEO) on Tuesday.

The latest output projection for 2019 was up from EIA’s 91.03 bcfd forecast in August.

EIA also projected U.S. gas consumption would rise to an all-time high of 84.51 bcfd in 2019 from a record 82.07 bcfd a year ago.

The 2019 demand projection in the September STEO report was down from EIA’s 84.65 bcfd forecast for the year in August.

Reporting by Scott DiSavino; Editing by Bernadette Baum

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