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2020-01-15 12:40:00

U.S. GAS WILL DOWN

U.S. GAS WILL DOWN

REUTERS - JANUARY 14, 2020 - U.S. natural gas production and demand will decline in 2021 after hitting record highs this year, the Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.

EIA projected dry gas production will fall to 94.11 billion cubic feet per day (bcfd) in 2021 from a record 94.74 bcfd in 2020. The current all-time high is 92.03 bcfd in 2019.

"We expect natural gas production to decline in 2021, as relatively low natural gas prices contribute to a reduction in natural gas directed drilling,"…

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