Associated Gas Recovery in 2022

North America Associated Natural Gas Recovery Not Seen Before 2022 (NGI)
Leticia Gonzales (June 24): According to projections by Rystad Energy, led by researcher Carols Torrez-Diaz, head of Gas & Power Markets, associated gas may decline in North America this year to 246 billion cubic meters (Bcm) from 259 Bcm in 2019. Output then is seen remaining flat in 2021. Associated gas should begin to recover in 2022 to 256 Bcm and to 269 Bcm in 2023. Globally, associated gas output initially is forecast to stay largely flat from the 2019 level of 547 Bcm, but Rystad now expects production to decrease to 517 Bcm this year. Worldwide production is projected to rise to 530 Bcm in 2021 and to 542 Bcm in 2022, though researchers said it would not likely exceed 2019 levels before 2023. Link to Content

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