Production from legacy fields, which supply city gas retailers, is decreasing by up to 5% annually due to natural decline. This decline has resulted in supply cuts to city gas retailers, impacting the availability of gas for consumers.
The government-regulated price of gas from these legacy fields plays a key role in providing gas to urban areas. With production decreasing each year, city gas retailers are facing challenges in meeting demand and ensuring a stable supply.
As a result, there is a growing concern about the future availability of gas for urban consumers. Industry experts are looking for solutions to address the decline in production from these legacy fields and to ensure a reliable supply of gas to city gas retailers.