U.S., Canada NatGas Output to Hit Ceiling in 2023 – Lack of Pipes
According to an article by Reuters, U.S. and Canadian natural gas output "could hit growing pains in 2023." U.S. and Canadian natural gas production is expected to hit new all-time record highs in 2023. However, growth in production is slowing, and likely to hit a ceiling in 2023. Why? Lack of pipelines that can shuttle molecules from places like the Marcellus/Utica to the Gulf Coast, where petrochemical plants and LNG export facilities can use all of the gas they can get. We could produce more here in the M-U--a LOT more. But we can't, because we have no way to transport the extra production.
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