Both natural gas production and demand in the US continue to drop in an ever-steepening race to find a bottom in the current market environment. LNG liquification continues to plummet hitting levels not seen since early 2019. While demand remains soft, natural gas supply is also reacting to low prices. In the middle of May, EQT began the curtailment of 1.4 Bcfe/d of production, and on May 26 provided an update indicating curtailments would last through 2Q2020. Today’s energy market insight will look at how Appalachian production is performing post curtailments and where it may go for the balance of 2020.
https://btuanalytics.com/shale-production/appalachia-production-on-the-rebound/
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