EQT Corp (EQT) News - May 17

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dan_s
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EQT Corp (EQT) News - May 17

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EQT may invest in US LNG facility as upstream producers tap international markets. From S&P Global.

The US' biggest upstream natural gas producer, EQT, may take an equity stake in an LNG export project as it seeks to capture the strong margins between relatively cheap domestic feedgas and high spot prices for cargoes delivered to end-user markets. CEO Toby Rice's comments during an April 28 investor conference call about potentially making a direct investment in liquefaction facilities suggest a broader strategy for EQT than what has been seen over the past two years from other North American drillers.

Apache and EOG Resources, in the US, and Tourmaline, in Canada, have signed agreements that call for some of their gas output to be produced into LNG by Cheniere Energy and sold into international markets, with the upstream producers getting a netback.
Dan Steffens
Energy Prospectus Group
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