EQT plans to invest in US LNG export facility

EQT Corp. said it may take an equity stake in a liquefied natural gas export project, as it seeks to capitalize on the booming global demand for LNG with Russian threats sending European gas prices swinging wildly.

Current US Henry Hub natural gas prices are elevated from historical levels, but delivered LNG prices in Europe and Asia have surged ~3x higher than a year ago, and EQT would seek to capture the strong margins between domestic feedgas and higher spot prices for cargoes delivered to end-user markets.

Longer-term supply agreements would allow EQT to directly benefit from higher gas prices overseas while reducing buyers’ exposure to extreme volatility, the CEO said.

Tags: Asia, EQT Corp, Europe, Export Facility, Russian Gas, US LNG
Share with your friends