US gas production to hit record levels in 2022

Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, exceeding 100 Bcfd in 2024, a Rystad Energy analysis shows. As a result, the performance of the country’s key gas basins is going to attract increased interest from investors and markets, with CO2 emissions intensity, capital efficiency and potential bottlenecks drawing close scrutiny.

The country’s output reached a record in 2019, at 92.1 Bcfd, but production declined subsequently to 90.8 Bcfd in 2020 as a result of the Covid-19 pandemic. Rystad Energy expects that 2021 volumes will fall even further, to 89.7 Bcfd but the trend will quickly change as the effect of the pandemic subsides and activity builds up across the country’s major gas basins.

IamFire plc (AQSE:FIRE) is an Investment Issuer Listed on the AQSE Growth Market Exchange. The company has an investment strategy focused on the identification of opportunities in Life Sciences, Technology & Natural Resources.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn

More articles like this

We may be entering a new commodities supercycle

Rising commodity prices have bank analysts and strategists asking if resurgent demand for raw materials and insufficient supply will create a new commodities supercycle. Price swings, of course, are as old as business itself. A commodities supercycle

Investment opportunities in green hydrogen

As governments around the world begin to come to terms with the reality of climate change, the shift towards a green economy amongst the world’s major powers is gathering pace. Leading the race has always been

Oil to recover 60% of demand lost due to pandemic

The International Energy Agency (IEA) in its February report wrote that it expects world oil demand to grow by 5.4 million barrels per day (bpd) in 2021, reaching 96.4 mbpd and recovering almost 60% of the

Oil and gas industry’s climate principles support a cleaner energy future

Australia’s oil and gas industry has reaffirmed its commitment to playing a key role in a cleaner energy future, both in Australia and globally, with APPEA releasing the third edition of its climate change policy principles today. APPEA’s new Australia’s Cleaner Energy Future, which

Oil prices up as markets await higher stimulus in US

Oil prices were up on Wednesday as markets await the announcement of a higher US relief package during the US President-elect’s inauguration speech later Wednesday, although rising coronavirus cases are capping upward price movements. International benchmark

Crude oil prices hit 11-month high

WTI crude oil prices surged more than 3% to US$ 53.9, hitting their highest level seen since February 2020. A large draw in the API crude inventories and a weakening US Dollar gave oil prices a fresh boost alongside reflation hopes.

Why there’s still room for oil to go higher

Crude oil prices are on the rise again after a short reversal of fortunes prompted by a huge crude oil inventory build reported by the U.S. EIA last week and renewed worry about demand. And the

Oil up on medical, fiscal and geopolitical combo

Christmas came early for oil prices as a combo of global medical, fiscal and geopolitical developments this week is helping Brent recover the 50+ dollar level it achieved last week. The emergency FDA approval of the