Supply & Demand

US gas production to rise 10% this year

The United States will boost its gas production by more than 83 billion cubic metres this year, a rise of more than 10%
By Staff reporter 21 June 2018 0 31412

The United States will boost its gas production by more than 83 billion cubic metres this year, a rise of more than 10% compared with 2017, while output will grow by 60% over the next 20 years, IHS Markit said in a new report on Wednesday.

Around 35.4 trillion cubic metres of US gas resources are now considered economic at a Henry Hub price of less than $4/MMBtu, according to IHS Markit, up from a previous estimate of 25.5 tcm in 2010.

US gas...