Shale gas is now dominating the overall gas production in the United States and is forecast to reach an average 91.3 billion cubic feet per day (Bcf/d) in 2019, up 8.0 Bcf/d from the previous year. The gas glut is expected to push down Henry Hub spot prices to $2.50/MMBtu in the second half of this year and further increase gas-burn in the power sector.
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