FERC: 2014 a Record-Breaking Year for Natural Gas

By Keystone Clearwater Solutions -

WASHINGTON — Natural gas demand and production both set records in 2014, while gas trading declined for the fourth straight year, the Federal Energy Regulatory Commission reported last week.

Natural gas developments dominated FERC’s annual State of the Markets presentation in a year that also saw higher electric prices.

Demand and Production

The coldest winter in more than a decade helped push natural gas demand to a record 70.7 Bcf/d, with residential and commercial demand up 3% and industrial demand increasing 2%. The record came despite a cooler-than-normal summer, which resulted in a 3% decline in gas demand for electricity generation.

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