Strong growth in natural gas production coupled with mild weather this summer has sped the pace of gas injections into storage and helped lower gas prices, a US Energy Information Administration official said Tuesday. “Natural gas storage injections continue on pace for a record refill of 2.6 trillion cubic feet by the end of October,” EIA Administrator Adam Sieminski said in a statement. These factors, he said, have prompted the agency to raise “its forecast for onshore marketed natural gas production this year and in 2015, and [lower] its natural gas price outlook.” EIA said in its Short Term Energy Outlook, released Tuesday, that gas marketed production is expected to grow by an annual rate of 5.3% in 2014 and 2.1% in 2015. The agency increased its third-quarter gas marketed production estimate 1.3 Bcf/d to 74.54 Bcf/d, and raised its Q4 estimate 1.7 Bcf/d to 75.18 Bcf/d. EIA’s forecast […]