UPDATE 1-EIA raises U.S. natgas production estimate for 2013

Tue Jun 11, 2013 12:56pm EDT
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* EIA sees 2013 gas output at record-high 70.01 bcfd

* 2013 gas demand seen up 0.36 bcfd (0.5 pct) from 2012

NEW YORK, June 11 (Reuters) - The U.S. Energy Information Administration on Tuesday raised its estimate for domestic natural gas production in 2013, saying it expected output this year to be up about 1.2 percent from 2012's record-high levels.

In its June Short-Term Energy Outlook, the EIA said it expected marketed natural gas production in 2013 to rise by 0.83 billion cubic feet per day to a record 70.01 bcf per day, up from its May outlook of 69.9 bcf daily.

If the forecast is realized, it would be the third straight year of record production.

Domestic output in 2014 is expected to set another record high, up 0.37 bcf daily to 70.38 bcf per day.

The agency said it expects onshore production increases to continue to offset declines in Federal Gulf of Mexico output.

Natural gas pipeline imports, primarily from Canada and which have fallen over the last five years, are projected to remain near 2012 levels at just over 8 bcf per day.

Imports of liquefied natural gas (LNG) are expected to remain at minimal levels of around 0.4 bcf per day in both 2013 and 2014, EIA said.   Continued...