EOG Resources Inc. is advancing multiple upstream natural gas projects ahead of an expected surge in LNG export demand, management said Friday.

CEO Ezra Yacob discussed an improving outlook for natural gas prices, which have plunged this year, during the Houston-based independent’s second quarter earnings call. 

EOG operates in all the major Lower 48 onshore basins, as well as Trinidad and Tobago, and Australia. The company was the ninth leading producer of natural gas among U.S. publicly traded firms as of the first quarter, according to NGI calculations. 

“Regarding North American natural gas, while inventory levels remain above the five-year average, prices have firmed up recently, reflecting a reduction in natural gas drilling and an increase in demand from both power...