ICYMI: MANCHIN HOSTS ENERGY SECRETARY GRANHOLM TO CELEBRATE APPALACHIAN HYDROGEN HUB einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
It’s said that history doesn’t repeat itself, but it often rhymes. Such is the case with the US energy industry and specifically, US LPG and LNG exports.
The CEO of EQT Corporation, Toby Rice, spoke at a recent University of Texas symposium hosted at the Kay Bailey Hutchison Energy Center. EQT is the U.S.'s number one natural gas producer, with current production hovering around 5.5 Bcf/d. Among Rice's comments and predictions: The world is “still one event away” from another energy event.
Tim Leach, former head of Concho Resources, said the industry’s drive for innovation means “somebody's using a technique that no one's ever tried before” that will improve oil recovery rates.
With ecosystem maxed out, surplus supply and infrastructure capacity are needed to respond to the next “event,” EQT Corp. president and CEO Toby Rice said.