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US could see LNG oversupply in 2027-2029 period, EQT CEO says
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US could see LNG oversupply in 2027-2029 period, EQT CEO says
Sep 18, 2025 10:11 PM

By Arathy Somasekhar

HOUSTON, Sept 18 (Reuters) -

The U.S. could experience some oversupply of liquefied

natural gas between 2027 and 2029, but supply will tighten in

2030, Toby Rice, the CEO of natural gas producer EQT Corp ( EQT )

, told Reuters on Thursday.

Rice was speaking on the sidelines of a conference in Houston.

TotalEnergies CEO Patrick Pouyanne warned earlier this

month of a potential supply glut in the market if all planned

U.S. LNG projects come online.

The U.S. is the world's top LNG exporter, with total annual

capacity expected to reach 115 million tons this year, as even

more projects remain in the pipeline, according to the U.S.

Energy Information Administration.

EQT is timing its exposure to LNG markets for the

anticipated market conditions, Rice added. The company earlier

this month signed an agreement with Commonwealth LNG to secure

one million tonnes per annum (MTPA) of liquefaction capacity.

Rice's comments echoed the stance taken by Woodside Energy ( WDS )

CEO Meg O'Neill, who on Monday brushed off concerns

about potential oversupply and said demand would likely grow 50%

over the next decade.

Uday Turaga, the founder of energy research and consulting

firm ADI Analytics, also told Reuters on the sidelines of the

conference in Houston that while "there could be small periods

of oversupply, the market has largely been able to absorb LNG

and we don't see any reason why that would change."

"Prices for LNG, particularly to Asia, may go down as more

supply comes online, and those lower prices should drive new

customers," he added.

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