FUELS / EIA continued from page 10.
clauses in U. S. LNG contracts mean U. S. LNG exports will be largely unaffected by recent trade policy developments.
• Natural gas inventories and prices. Relatively warm weather in March across much of the United States limited the consumption of natural gas for space heating, leading to less natural gas being withdrawn from storage than we had forecast in the March STEO. Despite a net injection into storage during March, U. S working natural gas inventories ended the withdrawal season( November – March) 4 % below the five-year average as cold weather in January and February resulted in more natural gas than average being withdrawn from storage. Consequently, we expect higher natural gas prices this year, with the Henry Hub price averaging around $ 4.30 per million British thermal units( MMBtu) in 2025, up about $ 2.10 / MMBtu from 2024. We expect the annual average price to increase another 30 cents / MMBtu in 2026 to around $ 4.60 / MMBtu.
• Electricity generation. Renewables continue to supply most of the growth in U. S. electricity generation. We expect electricity generation from hydropower to increase by 7 % in 2025 compared with 2024 as water supply levels return to normal, following a drought in the Pacific Northwest in the spring of 2024 which led to lower-than-normal levels of hydro generation. Release date: April 10, 2025
� EIA PROJECTS U. S. ENERGYCONSUMPTION DECREASING IN NEAR TERM
U. S. energy consumption decreases in the next several years and doesn’ t increase again until the early 2040s through 2050, according to the U. S. Energy Information Administration’ s Annual Energy Outlook 2025( AEO2025). U. S. energy consumption in 2050 is lower than in 2024 in most of the scenarios modeled in AEO2025, but the range of outcomes varies significantly based on the underlying assumptions in the scenarios EIA analyzed.
AEO2025 explores long-term energy trends in the United States. It relies on a Reference case that assumes laws and regulations in effect as of December 2024 remain in effect through 2050. AEO2025 also includes scenario-based analyses of separate side cases that make various other assumptions about the energy sector. l FON
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