US EIA predicts natural gas demand will rise 1.7% in 2005
Washington (Platts)--7Apr2005
The US Energy Information Administration on Thursday said US gas demand will rise by 1.7% in 2005, down from the 2.2% growth rate it predicted last month. In its April Short-Term Energy Outlook, domestic gas production is projected to increase this year by 0.7% compared with 2004, despite an expected 8% jump in gas-directed drilling, the agency said. In March, EIA predicted US gas production in 2005 would rise by 0.5%. The agency said gas demand in 2006 will increase by 3.2%, unchanged from last month, largely because of weather and continued strength in gas-intensive industrial production. The agency estimated working gas in storage at 1.187 Tcf at the end of March, a level 12% above the year-ago level and 14% above the five-year average. This story was originally published in Platts Global Alert http://www.globalalert.platts.com
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