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EIA slashes estimate of natural gas demand. (News).(Energy Information Administration)(Brief Article)(Statistical Data Included)
WASHINGTON -- The Energy Information Administration (EIA) on July 8 sharply cut its 2002 estimate of U.S. demand growth for natural gas to 1.7% based on February data and revisions in U.S. economic growth expectations. Earlier EIA forecast natural gas demand would grow by 3.2% in 2002.
For the summer of 2002, EIA also trimmed its demand forecast. The agency now projects summer demand to be about 3.6% higher than the year-ago period, instead of its previous forecast of a 4.7% increase.
At the same time, the amount of gas stored for the winter heating season is 21% greater ...
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