"Drill, Baby, Drill": Natural Gas Producers Eye a Boom ...Middle East

OILPRICE - Economy
Drill, Baby, Drill: Natural Gas Producers Eye a Boom
source : OILPRICE ( Middle East ) () 174
While the slowdown in U.S. oil production continues, rallying natural gas prices are setting the stage for a rebound in America’s gas output this year, following months of output curtailments in 2024. Slowing natural gas production last year, fast-depleting inventories during the coldest winter in years, and record-high flows to LNG facilities and LNG exports have pushed the benchmark U.S. natural gas prices above the $4 per million British thermal units (MMBtu) level, up by 160% in one year. U.S. gas producers, which curbed some output last…

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