Robust gains in March underpin a significant upward revision in the Energy Information Administration (EIA) 2011 natural gas production forecast, the agency said last week. Production this year is expected to increase by 4.5% (to 64.6 Bcf/d), up from the 2.3% (to 63.2 Bcf/d) forecast a month ago in the agency’s previous Short-Term Energy Outlook (see NGI, May 16).
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EIA Hikes 2011 Production Forecast
Robust gains in March underpin a significant upward revision in the Energy Information Administration (EIA) 2011 production forecast, the agency said Tuesday. Production this year is expected to increase by 4.5% (to 64.6 Bcf/d), up from the 2.3% (to 63.2 Bcf/d) forecast a month ago in the agency’s previous Short-Term Energy Outlook (see Daily GPI, May 11).
June 8, 2011