EIA outlook pegs US natgas output at record high
Fri Dec 10, 2010 7:28pm GMT
NEW YORK Dec 10 (Reuters) - A recent natural gas outlook by the U.S. Energy Information Administration pegged domestic gas production this year at a record high.
In its December Short-Term Energy Outlook released on Tuesday, EIA said it expected marketed natural gas production in 2010 to be up 2.11 billion cubic feet per day to 62.09 bcf daily.
That was EIA's fourth straight monthly upward revision for 2010 U.S. gas production and if realized, would put total annual output this year at 22.66 trillion cubic feet, just above the all-time high for marketed production of 22.65 tcf set in 1973.
While final output figures for 2010 will continue to be revised, probably through May 2011, production this year is likely to be the highest or second highest ever recorded for the United States.