9 November 2022 | Other

Gas output in the USA will hit the record this year

The U.S. Energy Information Administration released the Short-Term Energy Outlook. It states that in 2022 the production and demand for blue flame natural gas in the USA will reach a record level.

According to the Administration's forecasts, if in 2021 the consumption of gas was 84,01 BCF/D, in 2022 it will increase to 88,39 BCF/D. In 2023, it will reduce again to 85,08 BCF/D.

As for the gas output, in 2022 it will grow to 98,07 BCF/D. In 2023, this figure will increase to 99,69 BCF/D. In 2021, the amount of gas output was only 94,57 BCF/D.

New forecasts for 2022 are different from the October ones. In October, supply was expected to be 97.56 BCF/D, and demand was 87.89 BCF/D. In 2021, the export of blue flame natural gas was 9,76 BCF/D. 

This is less than October forecasts for 11,01 BCF/D. Such a forecast was made under the influence of an outage in the Freeport plant in Texas. 



Company MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
07 May 2025 63
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
07 May 2025 50
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
07 May 2025 52
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
07 May 2025 31
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 65
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 67
Go to forecasts