U.S. dry natural gas production will rise to an all-time high of 90.19 billion cubic feet per day (bcfd) in 2019 from a record high 83.31 bcfd in 2018, according to the Energy Information Administration’s Short Term Energy Outlook (STEO) on Tuesday. The latest January output projection for 2019 was up from EIA’s 89.99-bcfd forecast in December. EIA also projected U.S. gas consumption would rise to an all-time high of 82.65 bcfd in 2019 from a record high 81.58 bcfd in 2018. That 2019 demand projection in the January STEO report was up from EIA’s 81.57-bcfd forecast for the year in its December report. In 2020, EIA projected output would rise to 92.22 bcfd and demand would rise to 83.55 bcfd. The agency forecast U.S. net gas exports would […]