PITTSBURGH, June 10, 2021 /PRNewswire/ — EQT Corporation (NYSE: EQT) at this time introduced that it has joined a mission being led by Cheniere Energy, Inc., the most important U.S. producer of liquefied pure gasoline, and together with a number of different upstream operators and main tutorial establishments, with the aim of advancing quantification, monitoring, reporting and verification (“QMRV”) of greenhouse gasoline (“GHG”) emissions efficiency at pure gasoline manufacturing websites. The mission is meant to enhance the general understanding of upstream GHG emissions and additional the deployment of superior monitoring applied sciences and protocols.
As a part of this collaborative R&D initiative, a number of ground-based, aerial, and satellite tv for pc monitoring applied sciences can be utilized to set up baseline emissions ranges, monitor websites for carbon dioxide emissions and each fugitive and vented methane emissions, confirm emissions efficiency and determine alternatives to scale back emissions. Independent technical consultants will confirm the emissions knowledge.
EQT’s participation within the mission will cowl 9 wells positioned in southwestern Pennsylvania. The mission will observe a QMRV protocol designed by Cheniere and a QMRV plan collectively developed by Cheniere and EQT, which has been specifically tailor-made to EQT’s operations and amenities. EQT may even deploy steady detection applied sciences as a part of this mission.
“Over past year, we have made great strides to measure, forecast and reduce our desktop emissions, and we intend to leverage this data to guide our capital allocation decisions and overall strategy,” mentioned Toby Z. Rice, President and CEO of EQT. “We don’t intend to stop at just reducing our desktop emissions, though. We are committed to evolving our field emissions measurement capabilities and we believe this QMRV project will help further EQT’s, and the industry’s, understanding, application and use of best-in-class protocols and emissions monitoring and measurement technologies to help us achieve our global climate goals.”
“Collaboration with our natural gas suppliers is a key component of Cheniere’s focus on measuring, reducing, and mitigating emissions,” mentioned Jack Fusco, CEO of Cheniere Energy, Inc. “EQT is an important teammate in our efforts to provide cleaner sources of energy around the world, and this collaboration will help improve the environmental performance of U.S. natural gas and LNG.”
The mission is supported by researchers from Harrisburg University of Science and Technology, Payne Institute for Public Policy on the Colorado School of Mines, SLR International, and different emissions monitoring know-how suppliers together with Montrose Environmental, SeekOps Inc., Bridger Photonics Inc. and GHGSat.
“Verification is the bedrock transparency and the Payne Institute is pleased to be part of this project, as lessons learned will be invaluable to not just participants but to all stakeholders globally as companies and countries develop their GHG mitigation policies,” mentioned Dr. Morgan Bazilian, Director of the Payne Institute and Professor of Public Policy on the Colorado School of Mines.
Director, Investor Relations
About the EQT Corporation
EQT Corporation is a number one unbiased pure gasoline manufacturing firm with operations centered within the cores of the Marcellus and Utica Shales within the Appalachian Basin. We are devoted to responsibly growing our world-class asset base and being the operator of selection for our stakeholders. By leveraging a tradition that prioritizes operational effectivity, know-how and sustainability, we search to constantly enhance the way in which we produce environmentally accountable, dependable and low-cost power. We have a longstanding dedication to the protection of our staff, contractors, and communities, and to the discount of our total environmental footprint. Our values are evident in the way in which we function and in how we work together every day – belief, teamwork, coronary heart, and evolution are on the heart of all we do. To study extra, go to eqt.com.
This information launch accommodates sure forward-looking statements inside the which means of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that don’t relate strictly to historic or present information are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained on this information launch particularly embody the expectations of plans, methods and aims of EQT Corporation and its subsidiaries (collectively, the Company), together with the projected phrases, advantages and outcomes of the mission with Cheniere (the Project), the events anticipated to be concerned within the Project, and the timing of implementation or whether or not the Project can be carried out in any respect. The dangers and uncertainties which will have an effect on the implementation and execution of the Project and different forward-looking statements made herein embody, however will not be restricted to, volatility of commodity costs; the prices and outcomes of drilling and operations; entry to and price of capital; uncertainties about estimates of reserves, identification of drilling places and the flexibility to add proved reserves sooner or later; the assumptions underlying manufacturing forecasts; the standard of technical knowledge; the Company’s capability to appropriately allocate capital and assets amongst its strategic alternatives; inherent hazards and dangers usually incidental to drilling for, producing, transporting and storing pure gasoline, NGLs and oil; cyber safety dangers; availability and price of drilling rigs, completion providers, gear, provides, personnel, oilfield providers and water required to execute the Company’s exploration and growth plans; the flexibility to get hold of environmental and different permits and the timing thereof; authorities regulation or motion; environmental and climate dangers, together with the potential impacts of local weather change; uncertainties associated to the severity; and disruptions to the Company’s enterprise due to acquisitions and different important transactions. These and different dangers are described below Item 1A, “Risk Factors,” and elsewhere within the Company’s Annual Report on Form 10-Okay for the yr ended December 31, 2020, as up to date by Part II, Item 1A, “Risk Factors” within the Company’s subsequently filed Quarterly Reports on Form 10-Q and different paperwork the Company information from time to time with the Securities and Exchange Commission. In addition, the Company could also be topic to at present unexpected dangers which will have a materially adversarial affect on it.
SOURCE EQT Corporation (EQT-IR)