Lack of natural gas in US| MENAFN.COM

Sunday, 27 November 2022 07:32 GMT

Lack of natural gas in US


(MENAFN) According to a Reuters investigation, United States shale producers are finding it difficult to supply the rising local and global demand for natural gas.

The analysis came to the conclusion that the nation's stocks are below seasonal average due to a hotter than anticipated summer and a dearth of alternative energy sources. It further stated that despite the increase in gas costs, there were no indications that the stock of inventories had improved.

The Permian Shale Basin, which produces around 12 percent of all United States gas, and its rig count have decreased for the past two weeks in a row, according to the most recent statistics. The news source stated that "less drilling means less associated gas to add to the national total."

There have recently been proposals to decrease the amount of liquified natural gas (LNG) that United States energy corporations ship to Europe in order to ensure that there is enough for the United States market.

Reuters stated that “with heating season around the corner in both Europe and the United States and with a lot of people in both places using gas for heating, the price outlook for gas does not look good from a consumer’s perspective.”

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