Global natural gas production to fall by 2.6% this year: Rystad Energy - Reuters

Global natural gas production to fall by 2.6% this year: Rystad Energy - Reuters:

Global natural gas output is set to fall by 2.6% this year because of the impact of the COVID-19 pandemic, after previously being expected to grow, consultancy Rystad Energy said on Tuesday.

Rystad Energy had expected total natural gas production to rise to 4,233 billion cubic meters (bcm) in 2020 from 4,069 bcm last year.

Now it expects production to be 3,962 bcm for this year, rising to 4,015 bcm in 2021 and to 4,094 bcm in 2022.

The most affected output in percentage terms is associated gas from oilfields - a form of natural gas found in deposits of petroleum - which was initially forecast to stay largely flat year-on-year from a 2019 level of 547 bcm.