EQT's CEO Warns of Gas Price Surge Amid Storage Shortage

EQT Corporation’s (EQT) CEO Toby Rice cautioned about the looming threat of dramatic fluctuations in natural gas price due to an inadequate infrastructure, particularly in terms of pipelines and storage facilities, in a recent interview with Bloomberg. He highlighted the critical shortage of pipelines and storage facilities, stating that this imbalance could lead to price surges of up to 350%.Speaking at the CERAWeek by S&P Global energy conference in Houston, Rice emphasized that while gas demand in the Un ...