LNG

Oct 12 (LNGJ) - The latest US government short-term energy outlook said it expected growth in LNG exports and domestic natural gas consumption in 2018 would contribute to a rise in the benchmark Henry Hub natural gas spot price from an annual average of $3.03 per million British thermal units in 2017 to $3.19 per MMBtu in 2018. The report added that the nation’s dry natural gas production would average 73.6 billion cubic feet per day (Bcf/d) in 2017, a 0.8 Bcf/d increase from the 2016 level. Natural gas production in 2018 is forecast to be 4.9 Bcf/d higher than the 2017 level.