Commonwealth LNG Signs 20-Year Sale and Purchase Agreement with EQT Corporation

Core Insights - Commonwealth LNG has signed a Sale and Purchase Agreement (SPA) with EQT Corporation for the sale of 1 million tonnes per annum (Mtpa) of LNG for 20 years from its 9.5 Mtpa export facility in Louisiana [1][3] - The agreement is a significant milestone for both companies, aiming to deliver responsibly sourced, low-emission natural gas to international markets [2][3] - Commonwealth LNG is progressing towards a final investment decision (FID) in 2025, with first LNG production expected in 2029 [3] Company Overview - Commonwealth LNG is developing a 9.5 Mtpa liquefied natural gas export terminal project located near Cameron, Louisiana, focusing on safety and environmental standards [4] - Caturus, the parent company of Commonwealth LNG, aims to build a leading integrated natural gas and LNG company to deliver low-emission fuel to both domestic and international markets [5] Market Position - The agreement with EQT enhances Commonwealth's integrated natural gas platform and supports U.S. energy leadership and economic growth [2] - With the addition of the EQT agreement, Commonwealth has secured 5 Mtpa of offtake under long-term, binding agreements, indicating strong international confidence in the project [3]