LNG

EQT Corp., one of the leading US natural gas producers, reported a swing to first-quarter net profits as it reported improved average realised prices amid high cash flow from operations in the Appalachia shale-gas basins following the 2022 first-quarter losses that were caused by derivatives and tax impacts.

Tokyo Gas, one of the leading Japanese LNG importer with a supply agreement at the Cove Point plant in Maryland, has now significantly boosted its shale-gas production plans in Texas by acquiring an additional stake in Houston, Texas-based Castleton Resources to own a majority of the company