EIA sees record U.S. natural gas demand this year

Recent mild weather is expected to only temporarily slow growing U.S. demand for natural gas, which has grown 14% since 1990 and this year is expected to exceed the record 22.1 tcf set in 1972. That is the view from the U.S. Energy Information Administration. EIA said that, by 2020, U.S. consumption is expected to increase by 50% over 1998 levels, fueled largely by use in electric power generation. Use of natural gas by U.S. electric utilities has grown by 17% since 1990 and by 22% since 1994. "Gas has become the fuel of choice for most new and planned electric generating units, as new gas-fired generating technologies offer lower initial costs, higher efficiencies, and l...

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