U.S. Gas Supply ‘Should Be Fine’ for Winter, Top Driller Says
A worker fills a tank with liquid propane gas during delivery at a home in Wyanet, Illinois.
Photographer: Daniel Acker/Bloomberg
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Natural gas shortages are unlikely in the U.S. this winter because domestic inventories held in reserve are large enough to satisfy residential demand for the heating fuel, according to the nation’s biggest supplier.
Gas stowed in underground storage is “significantly greater” than stockpiles available in Europe, where prices are skyrocketing amid escalating fears of a supply squeeze, said Toby Rice, chief executive officer of EQT Corp.