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Canada's economy shows growth in July, but growth stalled in

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Upward revisions for 2015 and 2016 US gas production forecasts

Tuesday, March 17, 2015 6:44 AM UTC

In the natural gas component of its monthly report, the EIA made upward revisions to 2015 and 2016 production forecasts of 1 billion cubic feet per day (bcf/d) to 78.4bcf/d and 80.0bcf/d respectively, based on increases in rig efficiency and strong 2014 production data.
Natural gas production increased 6.1% y/y to 74.7bcf/d in 2014, the strongest growth since 2011 according to EIA's Natural Gas Monthly.
The EIA projects that US total natural gas consumption will average 75.7bcf/d and 76.2bcf/din 2015 and 2016, respectively, largely driven by demand in the industrial and electric power sectors.

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Upward revisions for 2015 and 2016 US gas production forecasts

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