U.S. Gas Demand Hits New Highs: What Does it Mean for Investors?
EQT(EQT) ZACKS·2024-10-10 22:45
In 2024, the United States has cemented its role as the world's leading driver of natural gas demand, with power producers significantly increasing gas-fired generation. Over the first nine months of the year, natural gas accounted for a record 46% of the total power generated in the country, reaching 55.6 million megawatt hours, according to LSEG data. This marks a 5% increase from the prior-year level and the highest gas output recorded since at least 2021. Despite global climate commitments and efforts t ...