EIA projected dry gas production will rise to 98.07 billion cubic feet per day (bcfd) in 2022 and 99.69 bcfd in 2023 from a record 94.57 bcfd in 2021.
The agency also projected gas consumption would rise from 84.01 bcfd in 2021 to 88.39 bcfd in 2022 before sliding to 85.08 bcfd in 2023. That compares with a record 85.29 bcfd in 2019.
The agency forecast average U.S. liquefied natural gas (LNG) exports would reach 10.85 bcfd in 2022 and 12.33 bcfd in 2023, up from a record 9.76 bcfd in 2021.
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