By Scott DiSavino

(Reuters) -U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Tuesday.

EIA projected that dry gas production will climb from 103.2 billion cubic feet per day in 2024 to 107.1 bcfd in 2025 and 107.4 bcfd in 2026. That compares with a record 103.6 bcfd in 2023.

The agency also projected that domestic gas consumption will rise from a record 90.5 bcfd in 2024 to 91.6 bcfd in 2025 and 2026.

The October projections for 2025 were higher than EIA’s forecasts in September of 106.6 bcfd for production and 91.5 bcfd for demand.

The agency forecast average U.S. liquefied natural gas exports would rise to 14.7 bcfd in 2025 and 16.3 bcfd in 2026, up from a record 11.9

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