Natural Gas Market Outlook: For 2020
- Market growth (32 Tcf in 2015, 34 Tcf in 2020)
- After the 2000/2001 surge, prices will drop, then increase slowly to about $3.10 (‘99 dollars/mcf) in 2020
- Imports increase to about 5 Tcf in 2020
- Rising prices and lower drilling costs increase reserve additions and production
- Technology improvements limit cost increases