Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

US natgas demand to grow 1.6%/yr in volume to 2023 » Kallanish Energy News

researchsnappy by researchsnappy
November 27, 2019
in Healthcare Research
0
US natgas demand to grow 1.6%/yr in volume to 2023 » Kallanish Energy News
401
SHARES
2.4k
VIEWS
Share on FacebookShare on Twitter

U.S. natural gas demand is projected to grow 1.6% annually in volume terms through 2023, according to Natural Gas: United States, a report recently released by Freedonia Focus Reports.

Advances will derive from increased demand for energy in the electric power and industrial markets, Kallanish Energy reports. The electric power market is forecast to remain the largest and fastest growing sector, as low natural gas prices will encourage construction of natural gas-fired power plants and retirement of coal and nuclear plants, albeit at a slowing rate.

Increasing competition from solar and wind energy generation will prevent faster growth. Increases in energy efficiency throughout the various markets will also constrain gains.

Freedonia forecasts U.S. natural gas production will increase 3.1% per year through 2023. Producers stand to benefit from continued growth in unconventional production, most notably from shale basins/plays, while output from conventional wells is expected to decline.

Production is expected to receive a boost from expanding exports of liquefied natural gas (LNG). LNG liquefaction plants coming online in 2020 are expected to almost double LNG export capacity.

In addition, a second wave of LNG plant construction will be completed by the end of 2023, leading to an expected rapid increase in exports of LNG to overseas markets.

Previous Post

People in counties with worse economies are more likely to die from heart disease

Next Post

Ant Financial Ramps Up SEA Capital With $1B Fund

Next Post
Ant Financial Ramps Up SEA Capital With $1B Fund

Ant Financial Ramps Up SEA Capital With $1B Fund

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News

3 Best Market Research Certifications in High Demand

PRC needs full funding to do its job | My View

Plant-based Chicken Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2030 – Energy Siren

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2023 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2023 researchsnappy.com