EQT CEO says natural gas prices to remain below $3/mmBtu
HOUSTON, Sept 18 (Reuters) -The CEO of U.S. natural gas producer EQT Corp on Wednesday said U.S. prices for the fuel should remain below $3 per million British thermal units in the short term.
EQT earlier this year curtailed 1 billion cubic feet per day (bcfd) of its gas output as prices fell to multi-year lows. Several rival producers also cut drilling to stem over production.
Toby Rice, CEO of the largest U.S. gas producer, said at the Gastech energy conference that he expects production curtailments to ease by next year as demand for U.S. liquefied natural gas exports rise.
Reporting by Georgina McCartney and Marianna Parraga; editing by Gary McWilliams
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