March 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)-- U.S. natural gas production is expected to hit a record high in 2023, but demand for gas-fired energy is expected to drop, the U.S. Energy Information Administration (EIA) said earlier this week. Natural gas-fired power producers could see the slower business as an opportunity to perform maintenance-related work at their facilities.

Industrial Info is tracking about 90 maintenance-related projects, totaling about $365 million in value, at natural gas-fired power plants across the U.S. that are slated to begin in the second quarter. Companies involved include Lotus Infrastructure, Starwood Capital Group, NextEra Energy Incorporated (NYSE:NEE), Vistra Corporation (NYSE:VST) and Xcel Energy Incorporated (NASDAQ:XEL).