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Biggest U.S. Gas Driller Eyes Investing in Exports as War in Ukraine Roils Supply

  • CEO sees ‘encouraging political signals’ from White House
  • Current energy prices are ‘completely unnecessary,’ Rice says
Bloomberg business news
Biggest U.S. Gas Driller Eyes Investing in Exports
Updated on

EQT Corp. is considering equity investments in U.S. liquefied natural gas export terminals as part of the shale driller’s efforts to capitalize on the booming global demand for the fuel. 

The Pittsburgh-based company, the largest U.S. gas producer, is also in talks with LNG buyers “across various geographies” and is willing to sign a supply contract by the end of the year, Chief Executive Officer Toby Rice said in a conference call with analysts. European gas prices have swung wildly as the war in Ukraine threatens Russian supply to countries including Germany.