Production
U.S. gas prices plunged below $2/MMBtu this winter, largely because of warm weather. Gas companies unable to turn a profit are slashing drilling plans.
Bangladesh’s gas production has dropped to a decade-low level amid continuous depletion of output and lax moves to ramp up extraction.
The Groningen gas field was closed on the back of rising concerns related to earthquakes linked to production activity.
The U.S. region powered the shale gas boom for over a decade. But pipeline constraints mean that production growth of Appalachian gas is stalling out.
Drilling activity has slowed with ample levels of U.S. gas sitting in storage.
A forecast by the EIA shows U.S. LNG exports rising in the years to come. The more gas that is exported, the higher domestic prices rise.
Drilling activity is on the rise, but cost inflation and snarled supply chains will keep production growth in check.