This statistic gives a forecast of natural gas end use prices between 2015 and 2025 in the United States, by scenario. The average residential price of U.S. natural gas will be 11.19 U.S. dollars per million cubic feet over this period, according to the reference scenario. The reference scenario is a a business-as-usual trend estimate, given known technology and technological and demographic trends.
Forecast of U.S. natural gas end use prices between 2015 and 2025, by trajectory*
(in U.S. dollars/million cubic feet)
* According to the source, the four scenarios of increased natural gas exports were considered in the context of four cases from its 2011 Annual Energy Outlook that reflect varying perspectives on the domestic natural gas supply situation and the growth rate of the U.S. economy:
The reference case is a a business-as-usual trend estimate, given known technology and technological and demographic trends. The High Shale Estimated Ultimate Recovery (EUR) case reflects more optimistic assumptions about domestic natural gas supply prospects , with the EUR per shale gas well for new, undrilled wells assumed to be 50 percent higher than in the Reference case The Low Shale EUR case reflects less optimistic assumptions about domestic natural gas supp ly prospects , with the EUR per shale gas well for new, undrilled wells assumed to be 50 percent lower than in the Reference case The High Economic Growth case assumes that the U.S. gross domestic product will grow at an average annual rate of 3.2 percent from 2009 to 2035, compared to 2.7 percent in the Reference case, which increases domestic energy demand
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EIA. (January 14, 2012). Forecast of U.S. natural gas end use prices between 2015 and 2025, by trajectory* (in U.S. dollars/million cubic feet) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/216122/four-scenarios-of-us-natural-gas-price-growth/
EIA. "Forecast of U.S. natural gas end use prices between 2015 and 2025, by trajectory* (in U.S. dollars/million cubic feet)." Chart. January 14, 2012. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/216122/four-scenarios-of-us-natural-gas-price-growth/
EIA. (2012). Forecast of U.S. natural gas end use prices between 2015 and 2025, by trajectory* (in U.S. dollars/million cubic feet). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/216122/four-scenarios-of-us-natural-gas-price-growth/
EIA. "Forecast of U.S. Natural Gas End Use Prices between 2015 and 2025, by Trajectory* (in U.S. Dollars/Million Cubic Feet)." Statista, Statista Inc., 14 Jan 2012, https://www.statista.com/statistics/216122/four-scenarios-of-us-natural-gas-price-growth/
EIA, Forecast of U.S. natural gas end use prices between 2015 and 2025, by trajectory* (in U.S. dollars/million cubic feet) Statista, https://www.statista.com/statistics/216122/four-scenarios-of-us-natural-gas-price-growth/ (last visited November 22, 2024)
Forecast of U.S. natural gas end use prices between 2015 and 2025, by trajectory* (in U.S. dollars/million cubic feet) [Graph], EIA, January 14, 2012. [Online]. Available: https://www.statista.com/statistics/216122/four-scenarios-of-us-natural-gas-price-growth/
