EIA publishes short-term energy outlook

EIA publishes short-term energy outlook

U.S. Energy Information Administration published its short-term energy outlook for the month of August, 2014

EIA’s STEO shows that “natural gas spot prices fell from $4.47/million British thermal units (MMBtu) at the beginning of July to $3.78/MMBtu at the end of the month as natural gas stock builds continued to outpace historical norms.”

The consumption is expected to average 72.6 Bcf/d in 2014, which is an increase of 1.7% from 2013, led by the industrial sector.

EIA expects natural gas marketed production to grow by an annual rate of 5.3% in 2014 and 2.1% in 2015.

Liquefied natural gas (LNG) imports have fallen over the past several years because higher prices in Europe and Asia are more attractive to sellers than the relatively low prices in the United States.

Natural gas working inventories totaled 2,389 Bcf as of August 1, which was 538 Bcf lower than the same time last year and 608 Bcf lower than the previous five-year (2009-13) average.

EIA’s next STEO is scheduled for early September.

 

Press Release, August 13, 2014; Image: EIA

 

Share this article

Follow LNG World News

2 thoughts on “EIA publishes short-term energy outlook”

  1. Pingback: victor
  2. Pingback: Mario

Comments are closed.

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >