Eqt

North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels in no small part because of drilling efficiencies. At the same time, midstreamers touted the need for more gas egress capacity while the Biden administration’s LNG authorization pause threw a wrench in the outlook for some export capacity projects. Read…

Propelled by its latest tentative offtake agreements, Glenfarne Energy Transition LLC is looking to close deals on the remaining volumes of its 4 million metric ton/year (mmty) Texas LNG project by the end of July. With the heads of agreement (HOA) with Gunvor Group Ltd. disclosed earlier in the month, Glenfarne has 3 mmty in…

Slumping natural gas prices offset festering high prices in other corners of the economy and helped to keep overall inflation mostly in check last month. The U.S. Department of Labor said Tuesday its Consumer Price Index (CPI) increased at a rate of 3.2% in the 12-month period through February. That was up from 3.1% the…

Regional natural gas forwards generally pushed higher at the front of the curve during the Feb. 29-March 6 trading period as ebbing production strengthened the price outlook for a market dealing with excess supply exiting winter, NGI’s Forward Look data show. Fixed prices for April delivery at benchmark Henry Hub added 4.0 cents for the…

Natural gas futures pop around 1:25 p.m. ET, shortly after Golden Pass Pipeline files FERC partial in-service request April Nymex contract briefly pushed above $2.000/MMBtu before receding; front month at $1.945 as of 2:02 p.m. ET, up 2.9 cents Regulatory filing seeks interim service for part of Golden Pass Pipeline by April 1, adding up…

Natural gas futures rallied on Monday after the largest U.S. natural gas producer announced it would cut 1 Bcf/d of output through the end of March, chopping into a supply glut caused by one of the mildest winters on record. At A Glance: EQT slashes 1 Bcf/d of output Lower 48 production at 101.2 Bcf/d…

Nymex front month maintaining early gains through midday trading, buoyed by EQT Corp. announcing 1.0 Bcf/d production cut April Nymex contract up 9.2 cents to $1.927/MMBtu as of 2:08 p.m. ET; July up 11.0 cents to $2.576 Per EQT: Curtailments began in late February and to continue through March Northeast dry gas production at 33.3…

EQT Corp., the nation’s largest natural gas producer, said Monday it would curtail up to 40 Bcf of production by the end of the month, reversing guidance it issued only three weeks ago as prices continue to trade below $2.00/MMBtu.  Management said the company began to curb 1 Bcf/d late last month “in response to…

Glenfarne Energy Transition LLC has inked a tentative tolling agreement with EQT Corp. as the U.S. natural gas production leader progresses its LNG exposure strategy. Under the heads of agreement disclosed Thursday, EQT could have access to 0.5 million metric tons/year (mmty) in liquefaction services for 15 years from the first train at Glenfarne’s proposed…