Utility Bill Auditors - Expense Reduction Advisors

U.S. consumption and production of natural gas decreased while exports grew in 2020

U.S. natural gas production and consumption decreased in 2020 because of mild winter weather and the COVID-19 pandemic’s effect on demand, according to our recently released Natural Gas Annual. Less natural gas was consumed in the United States, which pushed prices down; the annual Henry Hub spot price for 2020 averaged $2.03 per million British thermal units (MMBtu), the lowest annual price since 1997. The low prices contributed to record-high levels of natural gas exports and consumption in the electric power sector in 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *