U.S. Natural Gas Output Expected to Fall by Most Ever Next Year

Natural gas production in the U.S. is expected to drop by the fastest pace ever in 2021 as drillers slash spending in response to the coronavirus pandemic that’s sending oil prices to historic lows.

Gas output is poised to fall by 4.4% to average 94.49 billion cubic feet a day next year, the U.S. Energy Information Administration said in its Short-Term Energy Outlook Tuesday. That would be the biggest annual retreat in data going back to 1998. The agency also expects production to slip this year instead of climbing to a record.