US Natural Gas Drillers Expect To Increase Output Next Year: Report
But rising demand for exports is expected to boost average annual gas prices in 2025 by more than 40% over 2024 levels, Reuters reported. It said the EIA projects annual average dry gas production will climb from 103.3 billion cubic feet per day (bcfd) in 2024 to 104.5 bcfd in 2025.
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There is currently one LNG plant operating on the Yamal Peninsula, namely Yamal LNG, the main owner of which is Novatek , which is already producing gas from the Jurassic deposits of the South ...
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