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Last updateTue, 10 Dec 2019 7pm

End-User News

Best Year Ever for U.S. Natural Gas Market

The U.S. Energy Information Administration’s (EIA) Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018. In 2018, dry natural gas production increased by 12%, reaching a record-high average of 83.8 billion cubic feet per day (cf/d). This increase was the largest percentage increase since 1951 and the largest volumetric increase in the history of the series, which dates back to 1930. U.S. natural gas consumption increased by 11% in 2018, driven by increased natural gas consumption in the electric power sector. Natural gas gross exports totaled 10.0 billion cf/d in 2018, 14% more than the 2017 total of 8.6 billion cf/d. Several new liquefied natural gas (LNG) export facilities came online in 2018, allowing for more exports.

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