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Article: GRI Baseline Sees Competitive, Low-Price Energy Future, Higher Natural Gas Demand
- Article from:
- U.S. Newswire
- Article date:
- August 25, 1998
CopyrightCopyright 1998 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON, Aug. 25 /U.S. Newswire/ -- Gas Research Institute
released the 1999 edition of its Baseline Projection of U.S. Supply
and Demand, which describes a highly competitive, low-price energy
future with natural gas expanding its share of the nation's total
energy market.
The new Baseline -- an independently prepared analysis of energy
supply and demand -- shows total primary U.S. energy consumption
growing 1.8 percent annually, from 94 quadrillion BTU's (quads) in
1997 to more than 115 quads in 2015.
The outlook for natural gas is even more robust, with demand
growing 2 percent annually to about 32 quads in 2015 (1 quad equals
about 1 trillion cubic feet of natural gas) vs. 22.5 quads ...