Looks for 25% LNG export growth in 2019
By Richard Rostad, analyst, Oil & Gas 360

The EIA released its monthly Short-Term Energy Outlook (STEO) today, outlining the agency’s forecasts for energy in 2019 and 2020.

The EIA has shifted its oil and gas production forecasts, decreasing expected Q1 2019 output. The agency now expects the U.S. had produced 11.91 MMBOPD in Q1, down from its previous estimate of 11.98 MMBOPD. However, oil prices have risen beyond expectations driving accelerated growth in the rest of the forecast period. The EIA now the U.S. will produce 12.39 MMBOPD in 2019, up from the previous forecast of 12.30 MMBOPD.

Overall, crude oil production is expected to grow by 13% in 2019 and 5.7% in 2020. Natural gas gro...


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