The CEO of U.S. natural gas producer EQT Corp on Wednesday said U.S. prices for the fuel will remain below $3 per million British thermal units in the short term.

Natural gas is a highly volatile energy commodity traded on futures exchanges in the United States and Europe. Futures in the U.S. reflect prices at the Henry Hub in Erath, Louisiana, while European prices reflect prices in the United Kingdom and the Netherlands.

Energy businesses and farmers in western Pennsylvania are struggling because of prices, an issue that has not figured prominently in the campaigns of Donald J. Trump and Kamala Harris.

The natural gas market has shown itself to be strong in the early hours of Wednesday, as the market continue to price in the idea of the cyclical trade playing out. Furthermore, the Chinese are now de

EQT's CEO Toby Rice expects U.S. natural gas prices to remain under $3/mmBtu in the near term. However, he anticipates rising LNG demand to ease production cuts by 2024.