OGJ NEWSLETTER

Natural gas still has a bright future in the U.S., despite current poor market conditions. That's one of the themes underlying the forecast of IPAA's supply and demand committee. IPAA sees U.S. gas production slipping 0.4% in 1992 to 17.8 tcf but growing by 2%/year to 20.3 tcf by 2000. U.S. gas consumption is expected to rise by 0.8% in 1992 to 19.6 tcf as imports jump 10% to 1.8 tcf. U.S. gas consumption is to climb to 21 tcf by 2000, reflecting rapid electric power sector demand

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