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LNG Projects Will Drive Gas Prices Up: BKV CEO
BKV Corp., the largest natural gas producer in Texas’ Barnett shale basin, expects strong gas demand in 2026 as liquefied natural gas export terminals come online, driving up prices for the fuel.
The US-based gas-producing unit of Thailand’s Banpu Pcl sees demand remaining solid for the rest of the year, despite higher-than-average inventory levels this summer, said Chief Executive Officer Christopher Kalnin.
“Big projects like Golden Pass, other LNG projects that will be coming online next year, are going to be sucking up a lot of gas,” Kalnin said during an interview on Bloomberg TV on Tuesday. “That combined with continued normal weather is expected to really drive prices up. That’s why you see the strip for 2026 still very robust at almost $4.”
BKV also announced the purchase of Bedrock Energy Partners LLC’s Barnett shale assets in a deal valued at about $370 million last Tuesday, further growing its leading footprint in the North-Central Texas basin.
The company also sees 2,000 potential opportunities in the basin to restimulate existing wells, Kalnin said.
BKV shares rose by as much as 9% last Tuesday in New York after the company’s second-quarter adjusted earnings per share beat average analyst estimates.
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