POWER Magazine•about 14 hours ago
Record Power Burn Expected This Summer as Coal Retirements and Data Centers Drive Gas Demand
Key Takeaway
Increased natural gas demand from power generation (due to coal retirements and data centers) and LNG exports is tightening the market, potentially leading to higher gas prices and reduced storage levels this summer.
AI Summary
- •U.S. natural gas supply is forecast to reach a record 117 Bcf/d this summer, with dry gas production at 111.7 Bcf/d.
- •Growing demand from LNG exports, data centers, industrial activity, and power generation is absorbing this supply growth.
- •Record 'power burn' (gas for electricity generation) is expected, primarily driven by continued coal plant retirements and increasing data center loads.
- •This high demand is projected to leave less natural gas available for storage, indicating potential market tightness or price volatility.
Topics
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Article Content
U.S. natural gas supply is expected to reach a record 117 billion cubic feet per day (Bcf/d) this summer, including 111.7 Bcf/d of dry gas production, but growing demand from liquefied natural gas (LNG) exports, data center load, industrial activity, and power generation is absorbing much of that growth, leaving less gas available for storage […] The post Record Power Burn Expected This Summer as Coal Retirements and Data Centers Drive Gas Demand appeared first on POWER Magazine .