Natural gas set new records in 2013 for both supply and demand

The heavily-hyped golden age of natural gas appears to have begun in earnest – at least in the United States – last year, according to new data released today by the U.S. Energy Information Administration.

The EIA’s Natural Gas Monthly (NGM) report for February contains state and national‐level estimates of natural gas volume and price data through December 2013. In December 2013, monthly dry natural gas production reached a record high of 2,090 billion cubic feet (Bcf) and total consumption is a record for any month on record at 2,912 Bcf. Other key takeaways from the EIA’s new data on natural gas supply and demand for 2013 include:

• Total dry gas production reached a record at 24,280 Bcf
• Total consumption reached a record at 26,034 Bcf
• Deliveries to commercial consumers were the largest ever reported at 3,289 Bcf
• Deliveries to residential and industrial customers were at the highest levels realized since 2003
• Deliveries to electric power consumers was the only sector that declined in volume from 2012 to 2013

http://www.forbes.com/sites/williampentland/2014/02/28/natural-gas-set-new-records-in-2013-for-both-supply-and-demand/?ss=business%3Aenergy