US Natural Gas Consumption Reaches 13.5 Tcf in 2024 with Significant Capacity Expansion Planned
NATURAL GASDATA AND AI INFRASTRUCTURE
In 2024, U.S. natural gas consumption for electricity hit 13.5 trillion cubic feet, up 4% from 2023, with expectations of reaching 91.4 Bcf/d in 2025. Significant capacity additions are planned, with over 252 GW of gas-fired projects in development, potentially expanding the U.S. gas fleet by 50% at a cost exceeding $416 billion.
Major initiatives include Duke Energy's $3.2 billion plant in South Carolina and NRG Energy's projects targeting AI data centers. Despite this growth, turbine shortages pose risks for timely implementation, with backlogs extending to 2029-2030.

Mar 12, 2026, 6:06 AM