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US Natural Gas Market Verging on Record Growth

By Andrew Topf - Sep 10, 2026, 2:00 PM CDT

  • U.S. natural gas production is set to hit consecutive records, rising from 107.6 bcfd in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027.
  • LNG exports are also surging, climbing from a record 15.1 bcfd in 2025 to 18.6 bcfd by 2027, supported by expanding export capacity and growing power demand.
  • Producers are achieving more with less capital, with natural gas production and reserves rising even as industry capex fell 49%, reflecting greater drilling efficiency and spending discipline.

US natural gas production is projected to reach a record high of 111.7 billion cubic feet per day (bcfd) in 2026, up from 107.6 bcfd in 2025, according to the U.S. Energy Information Administration (EIA). By 2027, domestic supply is expected to hit 115.9 bcfd.

But that’s only half the story.

Over the next two years, US natural gas supply and demand will both rise to record levels, the EIA states in its Short-Term Energy Outlook.

Domestic gas consumption is projected to rise from a record 91.9 bcfd in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027.

The agency said increased drilling efficiency, rising electricity demand, and expanding liquefied natural gas (LNG) export capacity continue to drive production despite selective capital spending by producers.

Growth is being led by key plays like the Permian and Haynesville shale gas regions, with US gas inventories on track to start the winter about 5% above the five-year average on Oct. 31. Reuters reports:

The September projections for 2026 were higher than the EIA’s forecasts in August of 111.2 bcfd for production and 92.0 bcfd for demand.

The agency forecast average U.S. liquefied natural gas exports would rise from a record 15.1 bcfd in 2025 to 17.4 bcfd in 2026 and 18.6 bcfd in 2027.

Another study by Ernst & Young found that the US oil and gas industry is increasingly focused on improving the performance of existing assets while maintaining disciplined growth.


Source: https://oilprice.com/Energy/Natural-Gas/US-Natural-Gas-Market-Verging-on-Record-Growth.html


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