U.S. industrial gas demand headed for sharp drop

Researchers say declining industrial consumption to be offset by rising use of gas for power generation, but don’t expect a drag on prices over next three years

Gary Park

PNA Canadian Correspondent

Industrial demand for natural gas could drop by 2.8 billion cubic feet per day over the next three years and moderating crude oil prices could trigger fuel switching that reduces demand by another 1.1 billion cubic feet per day, says a research report by Virginia-based Friedman Billings Ramsey. But....

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