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EQT, a leading US natural gas producer, is not pursuing drilling in Venezuela but is focusing on overseas markets for future sales growth. CEO Toby Rice noted at Davos that US natural gas demand is increasing faster than pipeline and storage infrastructure, a situation exacerbated by permitting bureaucracy.

He stated that without congressional permitting reform, the US natural gas market will remain volatile. Meanwhile, new LNG export terminals are progressing, and global gas prices are significantly higher than US prices, making international markets attractive. Despite the potential of Venezuela's gas reserves, EQT has no plans for new drilling projects there.