EIA: U.S. gas production and consumption could fall if no new interstate pipelines are built. Lack of new pipeline infrastructure could lead to higher gas and electricity prices. Pipeline bans will not lead to any significant carbon dioxide emission declines. U.S. natural gas production will decline by 5 percent by 2050, and consumption will shed 4 percent if no new interstate pipelines are built, the Energy Information Administration said in its latest Annual Energy Outlook . This, in turn, will lead to higher gas prices, the authority also said, and this will, in turn, lead to higher electricity prices. “The higher natural gas prices that result from capacity constraints primarily affect natural gas consumption in the U.S. electric power sector, which is more price-sensitive than the residential, commercial, and industrial sectors,” the EIA explained . The share of natural gas in power generation is set to decline in the […]