US natural gas supply and demand to hit record highs in 2026

Investing.com -- The U.S. Energy Information Administration said Wednesday that both natural gas supply and demand will reach record levels in 2026 and 2027.

The agency projected dry gas production will increase from a record 107.6 billion cubic feet per day in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027, according to its Short-Term Energy Outlook released today.

Domestic gas consumption is forecast to rise from a record 91.9 bcfd in 2025 to 92.2 bcfd in 2026 and 94.3 bcfd in 2027.

The September projections for 2026 were higher than the EIA's August forecasts, which estimated 111.2 bcfd for production and 92.0 bcfd for demand.

Average U.S. liquefied natural gas exports are expected to increase from a record 15.1 bcfd in 2025 to 17.4 bcfd in 2026 and 18.6 bcfd in 2027.

The EIA said U.S. gas inventories were on track to start the winter about 5% above the five-year average on Oct. 31, partly due to rising production in the Permian and Haynesville shale regions.

U.S. coal production is projected to drop from a two-year high of 528.4 million short tons in 2025 to 516.3 million tons in 2026, and 496.7 million tons in 2027, which would be the lowest level since 1963. The decline is expected as power generators burn less coal in coming years.

Carbon dioxide emissions from fossil fuels are forecast to decline from a three-year high of 4.904 billion metric tons in 2025 to 4.821 billion tons in 2026 and 4.816 billion tons in 2027 as oil and coal use decreases.

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