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Low gas prices to weigh on US gas production growth, EIA says

The Energy Information Administration expects US dry gas production to hit an all-time high of 94.16 billion cubic feet per day this year, but weak gas prices will cause output to drop in 2021 for the first time since 2016, to 92.57 Bcf/d. Domestic gas demand is also seen falling to 85.60 Bcf/d next year from a 2020 record, while net gas exports should climb from 7.6 Bcf/d in 2020 to 8.9 Bcf/d in 2021, the EIA said.

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