IPAA panel says US gas output, demand gap to widen

Click here to enlarge imageAn Independent Petroleum Association of America panel predicts US natural gas demand will increase 1.8%/year for the foreseeable future, rising to 24.8 tcf by 2005, to 28.1 tcf in 2010, and 30.7 tcf in 2015.The long-term forecast from IPAA's Supply and Demand Committee said US gas production would grow 1.9% this year but only 1.3%/year through 2005."Although this is a slower growth rate than shown by consumption, total gas output should hit 20.5 tcf by the year 2005 and 24.8 tcf by 2015. Total gas imports, mainly from Canada, are expected to rise to 4.95 tcf by 2005, up from 3.73 tcf in 2000. Imports of 6.05 tcf in 2015 will account for nearly 20% of tota...

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