Ovunc Kutlu
13 July 2020•Update: 13 July 2020
ANKARA
The US produced and consumed record high volumes of natural gas in 2019, the country's Energy Information Administration (EIA) said in a statement on Friday.
The EIA data showed that last year's annual natural gas production hit an all-time high of 33.65 trillion cubic feet (953 billion cubic meters) due to an uptake in horizontal drilling and fracking.
This marked a 10% increase from 2018 when natural gas production stood at 30.58 trillion cubic feet (866 billion cubic meters), according to the data.
"US natural gas production has increased in the past decade because the widespread adoption of horizontal drilling and hydraulic fracturing techniques has allowed operators to more economically produce natural gas from shale formations," the EIA said in a statement.
"In each year since 2017, on an annual basis, production of dry natural gas has exceeded consumption within the US," it added.
Last year, US natural gas consumption also broke records with 31.01 trillion cubic feet (878 billion cubic meters), according to the EIA data.
This marked an increase of 3.1% from 2018 when natural gas consumption stood at 30.07 trillion cubic feet (851.6 billion cubic meters), the data showed.
Natural gas has been the predominant source of electricity generation in the US since surpassing coal in 2016, and in 2019 more than two-thirds of the dry natural gas consumed in the US was used by the electric power and industrial sectors, the EIA said.
