BofA Research: U.S. May Need to Dial Back NatGas in 2023

BofA (Bank of America) Global Research recently issued a research report stating that natural gas production in both the Marcellus/Utica and the Permian Basin faces constraints in 2023 and likely will have to dial back on production. Both regions will hit capacity with existing pipelines in 2023 and there are no new pipes coming online. Also, one of the largest growing customers for our natgas supplies has been LNG exports. No new LNG facilities will come online in 2023, says BofA, which hasn't happened since we began exporting LNG in 2016.

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