US natural gas production remains at high levels led by Permian Basin associated gas despite lower prices
US dry natural gas production has remained at relatively high levels throughout 2023 despite a decline in US natural gas prices with growth driven by the Permian Basin where most of the natural gas is produced from associated gas produced from oil wells.
US forecasts increasing LNG exports and natural gas inventories at end of March to be on high side
The US government forecasts liquefied natural gas exports will increase by 14 percent in 2023 and as a result of less-than-expected natural gas consumption the nation will close the withdrawal season at the end of March with very high inventories.
US forecasts ‘relatively flat’ LNG export market in 2023 and decline in domestic natural gas consumption
US Government forecasts in its latest short-term outlook that the LNG export market in 2023 will stay “relatively flat” before expanding in 2024 and expects a decline in domestic natural gas consumption.
US forecasts falling LNG exports will decline even further in third quarter on reduced cargo demand
US government forecasts expect the nation’s liquefied natural gas exports will average 5.6 billion cubic feet per day in the second quarter of 2020 and they will decline further through the end of the Northern Hemisphere summer as a result of reduced global demand.
US natural gas production rises while nation's energy-related carbon emissions decline
Natural gas producing states like Texas are in advance of states like California on use of renewables while US natural gas production is rising again in 2019 and the nation’s energy-related emissions of carbon-dioxide are on the decline in 2019 and 2020.
