LNG

EQT Corp., the leading US natural gas producer in the Appalachia Shale Basin, reported second-quarter losses due to falls in output and prices, though advanced its direct liquefied natural gas prospects by signing a heads of agreement for tolling at the Lake Charles LNG export project in Louisiana for 1 million tonnes per annum.

The American shale basins of Marcellus and Utica that underpin rising US LNG exports and domestic gas use contain geological indicators of huge volumes of undiscovered technically recoverable resources of natural gas.