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EIA lowers U.S. natural gas production forecast for the rest of this year

 Last Update: 2021-06-07
 Source: Internet
 Author: User

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According to a report from Natural Gas News on May 11, 2021, although the U.

The U.

In the report, EIA lowered its forecast of U.

Li Jun compiled from natural gas news

The original text is as follows:

US EIA trims natural gas production forecasts, sees lower gas use for power this summer

The US Energy Information Administration May 11 lowered its forecasts for natural gas production for the remainder of 2021, even as it expected growing LNG exports and domestic consumption would help push Henry Hub spot prices higher.

In its May Short-Term Energy Outlook and an accompanying report on the summer electricity sector, the agency also cast higher natural gas prices as dampening use of the fuel in the power sector.

EIA lowered by 810 MMcf/d to 97.

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