U.S. must cut permit times for natural gas projects or risk losing AI race, EQT boss Rice warns

MSN
2025.07.22 00:30
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EQT CEO Toby Rice urged U.S. Congress to expedite permit approvals for energy projects to compete with Russian gas and China in AI. He highlighted judicial reviews delaying permits and the impact of renewable energy fast-tracking on costs. Rice noted EQT's reduced cost structure and predicted U.S. natural gas prices to reach $4/MMBtu by 2026, emphasizing its affordability compared to oil. He warned that delays in infrastructure could hinder U.S. energy independence and competitiveness.

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