EIA Predicts U.S. All-Time High Natural Gas Consumption in 2023

Last week MDN brought you the latest U.S. Energy Information Administration "Short-Term Energy Outlook" for September (see Sept. EIA STEO Predicts $9 NatGas in 4Q22, $6 NatGas for 2023). Today we delve a bit deeper into some of the specifics. For example, the EIA predicts in the latest STEO that EIA expects natural gas consumption to increase by 3.6 billion cubic feet per day (Bcf/d) in the U.S. this year--to average 86.6 Bcf/d for the year. That would be the most annual U.S. natural gas consumption on record, ever. EIA also has some interesting predictions about where the benchmark Henry Hub price of natural gas will go for the rest of this year and into next year.

---

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