EIA trims forecast for US gas demand growth in 2001

01/15/2001
US government energy forecasters lowered projections for US natural gas demand growth to 2.9% this year, compared with 2000, down from a forecasted 3.8% growth rate projected in December.The US Energy Information Administration said it cut projections because of higher estimates for fourth quarter demand due to colder-than-normal weather and higher gas prices, which is expected to reduce industrial use in 2001 more than previously estimated. This year's electric utility gas demand is still expected to remain about level with 2000 consumption.Blaming colder weather and higher prices, EIA is now estimating residential gas users' bills will rise 70%, compared with last winter. Previo...
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