EQT Corporation secures a 20-year Sale and Purchase Agreement with Commonwealth LNG for 1 million tonnes per annum of liquefaction capacity. The SPA hinges on a final investment decision and allows EQT to purchase LNG on a free-on-board basis indexed to the Henry Hub, enhancing its international market access.

This deal aligns with EQT’s strategy to connect U.S. natural gas supply with global demand. Alongside a recent agreement with NextDecade, Commonwealth LNG’s total committed capacity reaches 5 MTPA, or 53% of its planned capacity. The facility targets first LNG production in 2029 with a total capacity of 9.5 MTPA.

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Read more at Yahoo Finance: EQT Corporation Secures 20-Year LNG Export Agreement with Commonwealth LNG