CEO: ConocoPhillips to look at LNG exports

摘要

ConocoPhillips will stop investing in dry natural gas production, Dow Jones Newswires reported May 9, according to a nasdaq.com posting. We aren't "investing any [more] capital in that business" at this time, but we continue to "have [a] positive cash flow," said CEO Ryan Lance. Nonetheless, he believes demand and prices for natural gas in the U.S. will pick up. When that happens, Lance said that ConocoPhillips will resume dry gas production.