Tuesday, April 9, 2013

EIA Projects Flatlining Of Natural Gas Consumption Through 2014

Natural gas usage is flatlining, according to the latest EIA data.  EIA projects demand of 70.1 Bcf/d in 2013 and 70.3 Bcf/d in 2014. Increases for heating and industry are being offset by sharp reductions in gas used to make electricity.  EIA projects an 8% decline in gas used for power in 2013.

Flatlining gas usage puts a lid on gas prices, to the cheers of consumers. It also underlines how little progress is being made on using gas for transportation.

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