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U.S. natgas output to rise, demand to ease in 2021 -EIA

Credit: REUTERS/NICK OXFORD

U.S. natural gas production will rise in 2021 after falling last year due to coronavirus demand destruction, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday.

Oct 13 (Reuters) - U.S. natural gas production will rise in 2021 after falling last year due to coronavirus demand destruction, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday.

Domestic demand for gas, meanwhile, will ease for a second year in a row in 2021, the EIA forecast.

The EIA projected dry gas production will rise to 92.55 billion cubic feet per day (bcfd) in 2021 and 96.41 bcfd in 2022 from 91.49 bcfd in 2020. That compares with an all-time high of 92.87 bcfd in 2019.

(Reporting by Scott DiSavino Editing by Marguerita Choy)

((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net))

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