US shale-gas producer and emerging LNG player EQT ends eventful quarter with fall in profits but brighter prospects
EQT Corp., the leading US natural gas producer in the Appalachian shale basins and an emerging LNG player, reported a dropped in net income in the first quarter of 2024 as prices were lower, sales increased and a merger was agreed with Equitrans Midstream Corp.
TC Energy plans more pipeline investment to help boost US and Canadian LNG exports
TC Energy, the Canadian pipeline company building feed-gas links to LNG projects in North America, is planning huge investments to transport more Appalachian shale gas and constructing the Coastal Gaslink in British Colombia as well as the natural gas “infrastructure backbone” of Mexico.
US shale-gas flows help fill supply gaps at much lower prices as LNG and domestic needs grow
US natural gas flows out of the Appalachian shale-gas basins into the rest of the country have continued to grow and averaged more than 16 billion cubic feet per day last month and proved useful in filling supply gaps as domestic use and LNG exports increase.
