Industrial Sector NatGas Use Increasing, Will Hit 23.8 Bcf/d in 2022

The U.S. Energy Information Administration (EIA), our favorite government agency, is out with another prediction about natural gas. Based on EIA's September Short-Term Energy Outlook (STEO), the agency predicts natural gas consumption in the industrial sector will rise throughout 2021 and exceed pre-pandemic 2019 levels. EIA predicts growth in the use by industrial companies will continue into 2022, and natural gas delivered to this sector will average 23.8 billion cubic feet per day (Bcf/d) in 2022. If that happens, it will tie or exceed the all-time high use of natural gas by industrials, which happened in the 1970s.

---

To view this content, log into your member account. (Not a member? Join Today!)