EIA Forecasts Rising LNG Exports

February 2017, Vol. 244, No. 2

On Jan. 5, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook for 2017, one of the most closely watched long-term forecasts for the petroleum, gas, coal and renewables markets. Among this year’s key predictions, EIA believes that American petroleum consumption will remain roughly flat for the next two decades, with rising fuel economy offsetting demand growth in transportation uses. On the supply side, crude production is expected to rise slightly through the mid-2020s, then remain flat – unless oil prices rise dramatically. EIA expects a price recovery to $80 per barrel within…

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