T US natural gas supplies, primarily from wet gas plays, will continue to outpace any increase in demand in 2015, Bernstein Research said Wednesday as it cut its 2015 price forecast 11% to $4/Mcf from $4.50/Mcf. Bernstein said gas production associated with oil and liquids drilling will continue to stay at its frantic pace until oil prices move lower and meanwhile, the associated gas from oily and wet plays is outstripping any demand for the commodity. Bernstein’s model says gas production will increase a net 3 Bcf/d in 2015 while demand will only grow 1.2 Bcf/d, primarily from the retirement of coal power plants. In the first half of 2014, gas production grew 4.1 Bcf/d over the same period last year, Bernstein said. Article continues below… Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points […]