The US Energy Information Administration Tuesday raised by 1.17 Bcf/d to87.35 Bcf/d its second-quarter natural gas marketed production estimatefor the US. EIA, in its June Short-Term Energy Outlook, also raised its Q3 marketedproduction forecast by 1.09 Bcf/d to 88.22 Bcf/d. The agency raised its natural gas consumption estimates by 0.83 Bcf/d to69.95 Bcf/d for Q2, and by 0.36 Bcf/d to 69.54 Bcf/d for Q3.
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EIA lowered its forecast for Q2 Henry Hub natural gas spot prices 1 centto $2.84/MMBtu. The Q3 forecast also dropped 1 cent from the previousmonth to $3.01/MMBtu.
The agency projected Henry Hub natural gas prices would average$2.99/MMBtu for the full year and $3.08/MMBtu in 2019.
--Kate Winston, firstname.lastname@example.org
--Edited by Valarie Jackson, email@example.com