The American Gas Association projects that U.S. gas consumption will reach a record 23.2 quadrillion BTUs (quads) in 1999.
Richard Terry, chairman and CEO of Peoples Energy Corp., Chicago, and the new AGA chairman, said an anticipated return to normal weather patterns should put the industry back in line with the growth pattern of the past decade.
He said U.S. gas consumption fell 2% in 1998 because-based on the first 10 months of the year-it was the second warmest year on record since 1895.
Terry said most of the growth in 1999 will occur in the residential market, where AGA expects a 13% increase to 5.3 quads.
"More than two of every three new homes b...