EQT Corp. CEO Toby Rice said Thursday natural gas pipeline capacity in the Appalachian Basin has “hit the wall,” motivating the company to pursue LNG export opportunities on the East Coast.

eqt map

“We are looking at ways to catalyze East Coast liquefied natural gas, which could have meaningful ramifications to our Appalachia production long-term,” added CFO David Khani during a call to discuss the second quarter financial results.

EQT is the nation’s largest natural gas producer. The Appalachian pure-play expects global gas demand to grow to 375 Bcf/d by 2050 from current levels of 285 Bcf/d. 

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“That means supply growth equivalent to...