Natural gas is oversupplied, but demand will increase in the future - EQT CEO

seekingalpha04-25

The natural gas (NG1:COM) market is currently oversupplied, said Toby Rice, EQT Corp. (EQT) CEO. During a CNBC interview, he said that the market has about 600 BCF (billion cubic feet) of extra ...

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During a CNBC interview, he said that the market has about 600 BCF (billion cubic feet) of extra ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093537-natural-gas-is-oversupplied-but-demand-will-increase-in-the-future-eqt-ceo\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Natural gas is oversupplied, but demand will increase in the future - EQT CEO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNatural gas is oversupplied, but demand will increase in the future - EQT CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 03:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4093537-natural-gas-is-oversupplied-but-demand-will-increase-in-the-future-eqt-ceo><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The natural gas (NG1:COM) market is currently oversupplied, said Toby Rice, EQT Corp. (EQT) CEO. During a CNBC interview, he said that the market has about 600 BCF (billion cubic feet) of extra ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093537-natural-gas-is-oversupplied-but-demand-will-increase-in-the-future-eqt-ceo\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3B42.SGD","symbol_name":"Legg Mason ClearBridge - Value A Acc SGD","start_time":0,"source_url":"https://seekingalpha.com/news/4093537-natural-gas-is-oversupplied-but-demand-will-increase-in-the-future-eqt-ceo","article_id":"2430460900","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/532029775/image_532029775.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430460900","pubTimestamp":1713987280,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The natural gas (NG1:COM) market is currently oversupplied, said Toby Rice, EQT Corp. 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(EQT) CEO. During a CNBC interview, he said that the market has about 600 BCF (billion cubic feet) of extra natural gas and storage than the five-year average of about 1,711 BCF at 2,333 BCF. Rice also said that two catalysts he sees for natural gas demand are power demand and summer weather. He spoke about the “exciting emerging market” of power demand, and how “this AI revolution is only going to take place with affordable, reliable clean energy.” AI power demand is estimated to reach 75 gigawatts, the equivalent of meeting enough power to power an additional 15 New York Cities, he said. “This is a massive opportunity here.” Those 75 gigawatts of new power demand would amount to an incremental 13 BCF a day of natural gas. In addition, he said that the market in the future will call for significantly greater amounts of natural gas, whether through demand from liquified natural gas growth -- an incremental 15 BCF a day, or a 15% increase in natural gas demand today -- or through powered power generation, which could be greater than 15 BCF a day, he said. “We need to ensure that we have the ability to get energy infrastructure built in this country, whether it's a pipeline or an electric transmission line,” he said. “We need to have the regulatory support to be able to thread the needle and make these big projects real.”  More on Natural Gas Futures:  LNG Gas Export Drop Sends The Natural Gas Market Back Into Surplus Natural Gas Market Is Tightening But It Will Take Time Natural Gas' Hidden Future Of Muted Rising Prices Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says U.S. natural gas inventory net change of +50 Bcf for week ended April 12 - EIA","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430460900"}