Natural Gas Approaches Dominance Over Petroleum in Energy Market
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowIn 2025, petroleum made up 37% of U.S. energy consumption, with natural gas at 36%, according to EIA data. The agency forecasts petroleum demand will grow by 0.6% from 2025 to 2027, while natural gas demand is expected to increase by 3.4%. EQT Corp.'s CEO Toby Rice anticipates the crossover will happen within the next few years. With over 40% of U.S. electricity generated from natural gas and expected power demand from data centers to double to 66 gigawatts by 2027, the shift in fuel preference is likely to have substantial market implications.
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About EQT Corporation (EQT)
EQT is one of the largest U.S. natural-gas producers, focused on the Appalachian Basin.
The Energy sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
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