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EIA lifts forecasts for US gas production, trims 2021 price estimates | Hellenic Shipping News Worldwide


EIA lifts forecasts for US gas production, trims 2021 price estimates
The US Energy Information Administration on Feb. 9 substantially increased its forecast for natural gas production in 2021 and 2022 amid expectations of more associated gas production in the Permian Basin, and trimmed its gas price forecasts for the current year.
The EIA, in its February Short-Term Energy Outlook, raised by 3.60 Bcf/d to 98.68 Bcf/d its total gas marketed production estimate for the US in the first quarter, and pushed up its Q2 forecast as well by 2.74 Bcf/d to 97.95 Bcf/d.
Estimates for the total marketed natural gas production over the next two years also rose, by 2.42 Bcf/d, to average 98.34 Bcf/d in 2021, and by 1.31 Bcf/d to 98.93 Bcf/d on average in 2022, EIA said. ....

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