Energy · input
Primary energy source for kibble dryers and steam retorts in canned food sterilization; production facilities are energy-intensive.
10
Source countries
4
Companies
1
Goods affected
0
Claims on record
What depends on it
1 essential American goods rely on natural gas (extrusion & retort energy) somewhere upstream in their supply chain.
Where it comes from
Share of global supply, by country.
| Country | Share of supply |
|---|---|
| USUnited States | 26% |
| RURussia | 14% |
| IRIran | 6% |
| CNChina | 6% |
| CACanada | 5% |
| QAQatar | 5% |
| AUAustralia | 4% |
| NONorway | 3% |
| SASaudi Arabia | 3% |
| DZAlgeria | 2% |
Who makes it
4 companies produce natural gas (extrusion & retort energy).
Mid-major E&P formed from 2021 merger of Cabot Oil & Gas and Cimarex Energy. Produces ~2 Bcf/d natural gas from Marcellus/Utica and Permian Basin. Revenue ~$5.3B (2024). ~85% of production is natural gas. Restarting Marcellus drilling 2025 as prices recover.
EQT Corporation (Pittsburgh, PA; NYSE: EQT) is the largest US natural gas producer by volume and operates significant underground gas storage assets in West Virginia and Pennsylvania. EQT's storage is integrated with its Appalachian Basin production — depleted reservoir fields that serve as both production infrastructure and seasonal storage. EQT's storage fields in West Virginia (including storage along the Equitrans Midstream system, now an EQT subsidiary after the 2024 Equitrans acquisition for ~$5.5 billion) give EQT direct control over Appalachian gathering, compression, and storage. Equitrans Midstream operated the Mountain Valley Pipeline (MVP, ~303 miles from West Virginia to Virginia, completed June 2024) and associated gathering systems that include storage infrastructure. EQT's storage capacity is approximately 45 Bcf of working gas across its storage fields.
Largest pure-play natural gas producer in the US, formed October 2024 from the merger of Chesapeake Energy and Southwestern Energy. Produces ~57 Bcf/d (~15.5% of US supply), primarily from Appalachian (Marcellus/Utica) and Haynesville basins. No ticker yet as of April 2026; shares trade under new entity.
One of the world's largest oil and gas companies; major US and global sulfur producer as a Claus Process refinery byproduct. Key US refining locations: Baytown, Texas (largest US refinery complex); Baton Rouge, Louisiana; Beaumont, Texas. Also major international refiner (Antwerp, Rotterdam). USGS listed as one of leading US recovered sulfur producers. Also holds 25% of Tengizchevroil (TCO) in Kazakhstan, making it indirectly a significant producer of high-sulfur crude and associated sulfur. Acquired Pioneer Natural Resources 2024 (~$60B), largest US oil deal since Exxon-Mobil merger.
™Your Policy Risk Impact Agent