US Natgas Output and Demand to Hit Record Highs in 2025, EIA Says

rig worker sunset 3 1200x810

(Reuters) – U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Tuesday.

EIA projected that dry gas production will climb from 103.2 billion cubic feet per day in 2024 to 107.1 bcfd in 2025 and 107.4 bcfd in 2026. That compares with a record 103.6 bcfd in 2023.

The agency also projected that domestic gas consumption will rise from a record 90.5 bcfd in 2024 to 91.6 bcfd in 2025 and 2026. The October projections for 2025 were higher than EIA’s forecasts in September of 106.6 bcfd for production and 91.5 bcfd for demand. The agency forecast average U.S. liquefied natural gas exports would rise to 14.7 bcfd in 2025 and 16.3 bcfd in 2026, up from a record 11.9 bcfd in 2024. With power generators expected to burn more coal this year than in 2024, the EIA projected U.S. coal production would rise from 512.1 million short tons in 2024, the lowest since 1964, to 531.3 million tons in 2025 before falling to 493.6 million tons in 2026, the lowest since 1963. EIA projected carbon dioxide (CO2) emissions from fossil fuels would rise from a four-year low of 4.793 billion metric tons in 2024 to 4.880 billion metric tons in 2025 as oil, coal and gas use increases, before easing to 4.844 billion metric tons in 2026 as oil and coal use declines.29dk2902l

Reporting by Scott DiSavino; Editing by Rod Nickel and Emelia Sithole-Matarise

Share This:


More News Articles

 

  • Related Posts

    Top US Refiners See Profits Soar, Step Up Investor Rewards

    By Nicole Jao Top refiners post combined second-quarter profit of $12.6 billion Capital returns to shareholders hit $6.3 billion in second quarter TD Cowen sees Marathon and Valero each repurchasing…

    BofA to Plow $250 Billion Into Critical Infrastructure Projects

    By Paula Seligson and Katherine Doherty Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers…

    Have You Seen?

    Texas Oil Regulator Hails ‘Oil Theft Bust’

    • September 3, 2026
    Texas Oil Regulator Hails ‘Oil Theft Bust’

    Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners

    • September 3, 2026
    Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners

    Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns

    • September 3, 2026
    Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns

    Russia Says Oil Output Drop Is Temporary as Refineries Restart

    • September 3, 2026
    Russia Says Oil Output Drop Is Temporary as Refineries Restart

    Norway Seizes Russian Cruise Ship to Enforce Naftogaz’s $4.22 Billion Claim

    • September 3, 2026
    Norway Seizes Russian Cruise Ship to Enforce Naftogaz’s $4.22 Billion Claim

    Suez Canal Economic Zone targets energy potential as Egypt–China ties strengthen

    • September 3, 2026
    Suez Canal Economic Zone targets energy potential as Egypt–China ties strengthen

    Brazil orange juice waste-to-biogas plant nears completion

    • September 3, 2026
    Brazil orange juice waste-to-biogas plant nears completion

    Chinese Refiners Pay Record Premiums for Russian ESPO Crude

    • September 3, 2026
    Chinese Refiners Pay Record Premiums for Russian ESPO Crude

    Europe’s Low Gas Stocks Set Stage for Winter LNG Battle

    • September 3, 2026
    Europe’s Low Gas Stocks Set Stage for Winter LNG Battle

    Global Refining Crunch Could Keep Fuel Prices High Into 2027

    • September 3, 2026
    Global Refining Crunch Could Keep Fuel Prices High Into 2027