Appalachia’s leading natural gas producer EQT released its quarterly earnings report on April 22, trumpeting a bullish global LNG picture to justify its decision to enter into LNG supply contracts. However, company CFO Jeremy Knop recognized the low domestic prices currently, stating that they had “embedded 10 to 15 Bcf of curtailments into our second quarter production guidance” in response. The strategic curtailments are designed to help the firm “maximize value in both peak and trough demand seasons.” But while cash prices are low, the firm made the case for long-term bullishness. EQT anticipates 6 to 7 Bcf/d of in-basin demand growth by 2030, based on “a pickup in large-scale power, midstream, and data center projects.”
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Movin’ Out – Plans to Move More Marcellus/Utica Gas to the Midwest, Mid-South and Deep South
Midwestern states are important markets for natural gas producers in the Marcellus/Utica, as are states in the Mid-South, like Kentucky and Tennessee, and states in the Deep South. But expanding gas sales in those markets will require a lot more pipeline capacity, and that’s exactly what’s in the works.
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Don’t Stop Believin’ – A Drill Down Report on Marcellus/Utica Gas Production and Pipeline Egress
Appalachia is churning out just over one-third of Lower 48 natural gas production and has the potential to produce considerably more. The big question is whether output will finally break out.
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Taking Gas to the South on a Kosci Train – Boardwalk’s Kosci Junction to Reorder Deep South Gas Flows
All roads lead to Louisiana in the natural gas market, and those roads have become increasingly crowded as LNG demand sucks in gas from other states. Today, we discuss Boardwalk’s Kosci Junction project and how it will impact the gas market in Louisiana, Mississippi and beyond.
