More Details on Rice/EQT Plan to Unleash LNG – M-U Needs More Pipes

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Yesterday MDN brought you news of a bold new plan by EQT CEO Toby Rice to "unleash" American LNG exports to not only help our friends in Europe, but also to reduce the amount of coal use across the world, thereby lowering coal-related emissions including carbon dioxide (see EQT CEO Toby Rice Unveils Nationwide Plan to “Unleash” U.S. LNG). Rice's plan calls for the addition of 50 natural gas drilling rigs here in the U.S., which would create about 45 billion cubic feet per day (Bcf/d) of additional natural gas by 2030. He wants 35 of those rigs located in the Marcellus/Utica.

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