US natural gas production to hit record high in 2023: EIA


Washington, Apr 12 (IANS): US natural gas production is forecast to hit a record high in 2023, according to a report issued by the Energy Information Administration (EIA).

The country's dry gas production will increase to 100.87 billion cubic feet per day (bcfd) in 2023 and 101.58 bcfd in 2024 from a record 98.11 bcfd in 2022, Xinhua news agency quoted the EIA's April Short Term Energy Outlook as saying.

The report also forecast that with inventories remaining above the five-year average in 2023, natural gas prices will average less than $3 per million British thermal units (MMBtu) for 2023, a more than 50 per cent drop from last year.

The natural gas spot price at Henry Hub averaged $5.45 per MMBtu in November 2022, and declined to average $2.31 per MMBtu in March, said the report.

  

Top Stories


Leave a Comment

Title: US natural gas production to hit record high in 2023: EIA



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.