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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
