EQT - EQT Corp.: Surprise It Is Not Absolute Storage Levels That Matter
2024-02-15 03:56:03 ET
Summary
- Market focus is on high storage levels, but a lack of investment in storage and reliance on just-in-time deliveries could lead to a natural gas crisis.
- Weather forecasts are unreliable for long-term predictions, and a cold snap or heatwave could significantly impact natural gas prices.
- Growing demand for natural gas, particularly for electrical generation, combined with limited storage capacity could result in soaring prices and increased natural gas pricing volatility.
- Rather than focus on one measure, the market needs to focus on several relevant measures.
- There are plenty of LNG projects underway or that can get underway despite the recent pause in permitting. That pause is just a pause and not permanent at this time.
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EQT Corp.: Surprise, It Is Not Absolute Storage Levels That Matter