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Natural Gas Year-in-Review

With Data for 2010  |  Release Date: December 9, 2011  |  Next Release Date: December 2012

Previous editions of Natural Gas Year-in-Review

Highlights

Growing domestic production, rising consumption, and relatively low prices characterized U.S. natural gas markets in 2010. Key results from the year include:

  • Marketed production grew 4 percent to 61.8 billion cubic feet (Bcf) per day. Growth in onshore production offset losses in the Gulf of Mexico (GOM).
  • Consumption rose to 66.0 Bcf per day, with large increases coming from additional natural gas-fired power generation.
  • Net imports decreased by 0.2 Bcf per day to 7.1 Bcf per day, the lowest volume of net imports since 1994.
  • Storage inventories reached 3,847 Bcf at the end of October, a new record level for the end of the injection season.
  • Henry Hub prices rose to $4.52 per Mcf in 2010, from $4.06 per Mcf in 2009, but remained well below those in Europe and Asia due to strong growth in domestic production.

Natural gas supply and disposition

 billion cubic feet per day 2008 2009 2010 2009-2010 Change Percent Change
Supply          
Marketed Production (Total) 57.7 59.2 61.8 2.6 4.4%
Gulf of Mexico 6.3 6.7 6.2 -0.5 -7.0%
Lower-48 States 50.3 51.5 54.6 3.1 6.0%
Gross Imports 10.9 10.3 10.2 -0.1 0.0%
Storage Withdrawals 9.2 8.1 9.0 0.9 11.1%
Disposition          
Consumption 63.6 62.6 66.0 3.4 5.4%
Gross Exports 2.6 2.9 3.1 0.2 7.0%
Storage Injections 9.1 9.1 9.0 -0.1 0.0%

Source: U.S. Energy Information Administration, Natural Gas Monthly