Oil price crash predicted to curb US gas production
WoodMac estimates US gas production will be 900m cu ft per day lower than pre-crash estimates, and that this will be exacerbated going into 2021. By the end of next year, production could be 3.1bn cu ft per day lower than pre-crash forecasts of 90.5bn cu ft per day
Record investments last year as well as plunging LNG prices this year have already tested investors’ appetite entering 2020, but the oil price drop ‘will make these decisions more complicated’
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