EQT Inks 20-Year LNG Purchase Agreement to Diversify Its Portfolio

Core Insights - EQT Corporation has signed a 20-year agreement with Commonwealth LNG to purchase 1 million tons per annum (mtpa) of liquefied natural gas (LNG) [1] - The deal enhances EQT's position in the LNG market and supports its strategy to connect U.S. supply with international markets [3] Summary by Sections Agreement Details - The LNG purchase from Commonwealth LNG will be on a free-on-board basis, with pricing linked to the Henry Hub index [2] - EQT has also signed a separate 20-year agreement with NextDecade Corporation for 1.5 mtpa of LNG, further diversifying its export capacity [2][9] Market Positioning - The agreement with Commonwealth LNG allows EQT to build a diversified LNG export portfolio, providing flexibility in marketing cargoes and optimizing returns [3] - EQT aims to meet the rising global demand for lower-carbon energy, aligning with economic development and carbon emission reduction goals [3] Commonwealth LNG Facility - Commonwealth LNG's export facility in Louisiana is projected to have a capacity of 9.5 mtpa, with a final investment decision expected this year and production targeted for 2029 [4]