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natural-gas-2035.pdf
Preview of per our assumptions outlined in detail here
🔗 Source: assets.jpmprivatebank.com
📊 Size: 450 KB
👤 Author: J.P MORGAN
⬇️ Downloads: 70

Summary

The US natural gas consumption in 2035 is expected to be similar to the current level, based on assumptions including 52 GW per year of wind and solar capacity growth, shutdown of coal-fired power plants, and electrification of passenger vehicles. The results show that the US would consume a similar amount of natural gas in 2035 as it does today, with onshore natural gas production contributing substantially to US energy independence. The breakdown of US natural gas consumption in 2020 and 2035 is as follows:
- Electricity: 2020 (24.4), 2035 (25.6)
- Residential heating: 2020 (5.3), 2035 (4.8)
- Commercial heating: 2020 (3.2), 2035 (2.9)
- Transport: 2020 (2.9), 2035 (2.8)
- Industry: 2020 (9.2), 2035 (8.9)
The total natural gas consumption is expected to be around 30.5 quadrillion BTUs in both 2020 and 2035.

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The US natural gas consumption in 2035 is expected to be similar to the current level, based on assumptions including 52 GW per year of wind and solar capacity...

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  • File Format: PDF
  • File Size: 450 KB
  • Pages: 12
  • Language: EN
  • Author: J.P MORGAN
  • Total Downloads: 70
  • Last Updated: 1 month ago

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