Natural gas production out of the U.S. Gulf Coast should rise over the next decade as it continues to look toward the export market, according to researchers at Louisiana State University’s (LSU) Center for Energy Studies.
In the center’s latest Gulf Coast Energy Outlook (GCEO) authors David E. Dismukes and Greg Upton said that in the Gulf Coast “both oil and natural gas production in the region are anticipated to experience a decade of growth despite the fact that oil and natural gas prices are both in backwardation.”
Gulf Coast natural gas production is seen increasing to 53 Bcf/d in 2022, up 14% year/year. Gulf Coast natural gas production could then exceed 68 Bcf/d by 2032. Read more in Natural Gas Intelligence.