According to the EIA, March 2018 marked the tenth consecutive month of increased production of dry natural gas. The average daily rate of dry natural gas production in March 2018 was also at an historic high at 79.6 BcF/ day. The average daily rate of dry natural gas production for March was the highest for any month since EIA began tracking monthly dry production in 1973.
Source: EIA
The estimated natural gas consumption also increased by 9.1% since March 2017 to 7.4 Bcf/day.
The Year-over-Year total consumption of dry natural gas for March 2018 by sector is as follows:
- Residential deliveries: 21.0 Bcf/day (+11.7% since March 2017)
- Commercial deliveries: 13.3 Bcf/day (+10.2% since March 2017)
- Industrial deliveries: 23.6 Bcf/day (+5.8% since March 2017)
- Electric Power deliveries: 24.0 Bcf/day (+9.4% since March 2017)
The U.S was a natural gas net exporter for March 2018 fueled by exportation of liquefied natural gas (LNG) to 14 different countries. LNG exports in March 2018 have doubled that of March 2017.
Read the EIA’s Natural Gas Monthly here.
