U.S. dry gas output goes from strength to strength, puts lid on prices
Friday, 03 May 2019
The U.S. Energy Information Administration (EIA) expects natural gas prices at the benchmark Henry Hub will fall to an average $2.82/MMBtu this year, and decline further in 2020. The bearish sentiment is caused by a continuous rise in U.S. dry gas production, forecast to expand by 7.6 billion cubic feet per day (Bcf/d) this year to reach around 91.0 Bcf/d.
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