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Annual Energy Outlook 2018

2/8/18

The U.S. Energy Information Administration published the 2018 Annual Energy Outlook earlier this week. This report models projections for domestic energy markets through 2050 based on calculated assumptions. Here are a few key projections related to natural gas from this year’s Outlook:

  • Natural gas prices are expected to remain less expensive than electric prices for commercial, industrial and residential customers.
  • The use of natural gas as an energy source is projected to grow the most on an absolute basis.
  • Natural gas production accounts for almost 39% of energy production by 2050. This continued growth is due to the large size of associated resources.
  • Natural gas production will grow at a faster rate through 2020, and then slow through the remainder of the projection.
  • Natural gas used for power generation will generally increase over the time period due to the scheduled expiration of renewable tax credits.

Energy Outlook 2018