US EIA boosts 2021 gas production estimate 1.43 Bcf/d, nudges up price forecast

摘要

After tightening its production forecasts in May, the US EnergyInformation Administration June 8 raised its estimates for US naturalgas production for 2021, but lifted its spot gas price forecasts slightlyfor the period nonetheless.EIA, in its June Short-Term Energy Outlook, raised by 1.85 Bcf/d to99.36 Bcf/d its natural gas marketed production estimate and pushedup its Q3 estimate by 1.63 Bcf/d to 99.76 Bcf/d. Yearly averages for 2021and 2022 were also revised upwards by more than 1 Bcf/d, with 99.29Bcf/d forecast on average for 2021 and 101.17 Bcf/d expected in 2022.