US Gas Production to Exceed 100 Bcf/d in 2022; M-U Hamstrung by MVP

In the most recent U.S. Energy Information Administration (EIA) Short-Term Energy Outlook (STEO), the EIA predicted that by the end of this year, the United States will produce an average of 96.2 billion cubic feet per day (Bcf/d) of natural gas (see EIA Cuts 2H22 LNG Export Prediction by 14%, HH Price by 44%). For comparison, the country produced 93.51 Bcf/d in 2021. Rystad Energy, an independent energy research and business intelligence company for the global energy industry based in Norway, is out with its own prediction of U.S. production. Rystad says the U.S. will break the 100 Bcf/d production milestone--a new all-time record--by the end of this year.

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