The US Energy Information Administration on Tuesday lowered its projections for natural gas production for the current quarter and the next one, as well as for the full-year 2016, predicting the annual output average would show a decline for the first time since 2015, before rebounding in 2017. Lower projections for US gas demand accompanied the tempered production estimates. The agency’s November Short-Term Energy Outlook scaled back its gas production projections for the fourth quarter of 2016, first quarter of 2017, as well as the annual average this year and next. “US annual natural gas production is expected to decline in 2016 for the first time in 11 years, but then increase in 2017 as drilling activity picks up and new pipelines connect supplies to demand centers,” EIA Administrator Adam Sieminski said in a statement accompanying the outlook. Article Continues below… Platts US Election Webinar Nov. 11, 2016 • […]