A Federal judge in Louisiana has put the US Department of Energy’s pause on liquefied natural gas export permits on hold in a setback for the Biden Administration’s more radical measures to mitigate climate change by curbing gas industry emissions.

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EQT Corp., the leading US natural gas producer in the Appalachian shale basins, reported solid annual net income even as earnings dropped for the fourth quarter and has now signed three LNG tolling agreements on the Gulf Coast and was pursuing sales contracts.

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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.

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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.

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