US Gas Output and Demand Hit Record Highs in 2026
US natural gas production and demand are both projected to hit record highs of 111.7 bcfd in 2026, driven by strong shale activity and expanding LNG capacity. While the industry is reducing overall capital spending and pursuing major M&A deals, natural gas reserve additions have finally turned positive, supported by growing power and data center demand.
According to new data from GN auto stocks/energy-stocks: natural gas demand, the EIA has revised its 2026 production forecast upward to 111.7 bcfd, while noting that domestic consumption is expected to surge to the same level due to rising electricity needs and LNG exports. An accompanying EY study highlights that while oil capital expenditures have dropped significantly, natural gas fundamentals have strengthened with reserve additions turning positive for the first time since 2021.
Source: GN auto stocks/energy-stocks: natural gas demandThe US Energy Information Administration projects dry natural gas production to reach 115.9 bcfd by 2027, while LNG exports rise to 18.6 bcfd, supported by strong shale activity in the Permian and Haynesville basins.
Source: GN auto stocks/energy-stocks: natural gas demand
