Reported 1 day ago
U.S. natural gas producers plan to raise output in 2025 after implementing production cuts throughout 2024, driven by increased demand from liquefied natural gas (LNG) exports and an anticipated rise in prices. The Energy Information Administration projects production will decline slightly in 2024 before climbing in 2025, primarily due to a significant boost in LNG exports. Major producers, anticipating higher prices, are preparing to enhance production capacity, signaling a potential shift in supply dynamics in the coming year.
Source: YAHOO