Commonwealth LNG announced an agreement to provide LNG to EQT Corporation, under which EQT has secured 1 million metric tons per annum (MTPA) of liquefaction capacity for 20 years. This supply will come from Commonwealth LNG’s 9.5 MTPA export facility, which is currently under development. The agreement provides for the sale of LNG for 20 years.
This is EQT's third major 20-year LNG supply deal in recent weeks, further expanding its access to global markets. The agreement allows EQT to sell its natural gas directly to Europe and Asia, potentially capturing higher international prices compared to domestic markets. This strategic move diversifies EQT's revenue streams and strengthens its position as a global natural gas supplier.
The consistent securing of long-term LNG contracts highlights EQT's aggressive strategy to capitalize on the global demand for natural gas. These agreements are crucial for EQT's long-term growth and its ability to maximize value from its extensive Appalachian Basin resources.
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