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Investors - OCTOBER 15, 2021

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EQT CEO implores: ‘unleash American shale’

by Kali Persall

Toby Rice, CEO of EQT Corp., is calling for more investment in domestic infrastructure such as pipelines to make more fuel available in the United States and abroad, according to Bloomberg.

Such investments would enable increased exports and ease shortages, according to Rice, who pointed out in an Oct. 14 interview that U.S. gas drillers could increase supplies by about 20 percent without pipeline and export constraints.

Removing some of the barriers to U.S. gas drilling also would help accelerate phasing out of dirtier energy sources, such as coal, noted Rice.

“The solution is very simple: unleash American shale,” said Rice. “What we do need is access to more pipeline infrastructure and more LNG facilities.”

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