PITTSBURGH, March 9, 2022 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today unveiled its plan to unleash U.S. LNG to address the energy needs of our allies and advance climate efforts by targeting the replacement of international coal. The release of the new plan comes as natural gas takes center stage at CERAWeek 2022. Toby Z. Rice, EQT President and CEO, will further discuss the plan and campaign during the Innovation & the Future of Gas plenary session at 2:25 p.m. CT today.
"We have presented today our case for leveraging U.S. natural gas to meaningfully advance our efforts in addressing global climate change. Unleashing U.S. LNG to target international coal consumption is not only proven, the opportunity represents the largest green initiative on planet," said Toby Z. Rice, EQT President and CEO. "By providing a solution to the principal driver of international emissions – emissions that must be addressed if we are to succeed in our climate efforts – we have the ability to extend our influence in addressing climate change beyond our borders."
"The United States is blessed to have the natural gas that it has, the largest economically-developable resource in the world. Four countries collectively have approximately two-thirds of the world's natural gas resources: the United States, Russia, Iran and Qatar. And the substantial majority of the world is reliant on coal. We need to provide solutions, and to do that, we need to prioritize LNG and pipeline infrastructure to allow us to connect our resource to end-users."
"U.S. LNG is one of the world's largest weapons to combat climate change. Unleashing it would enable the United States to replace up to one-third of international coal in the next 20 years," said Rice. "But equally important, as the recent invasion of Ukraine by Russia highlights, it would allow us to provide energy security to our allies while weakening the energy dominance of our adversaries."
Highlights from EQT's proposed plan include:
Any Climate Change Plan Must Prioritize International Coal
Unleashing U.S. LNG Would Fill a Void in U.S. Climate Change Policy
The Emissions Reduction Impact of Unleashing U.S. LNG is Equivalent to the Combined Impact of:
U.S. LNG Could Grow at a Rate Six Times the Current Obstructed Pace with Three Steps
EQT's plan is available for download on the Company's website:
https://www.eqt.com/responsibility/unleashing-us-lng/
EQT Contact:
Bridget McNie
Director of Communications
412.720.4500
Bridget.mcnie@eqt.com
About EQT
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.
SOURCE EQT Corporation