EQT Signs 20-Year LNG Deal with Commonwealth at Louisiana Export Project

EQT signed a 20-year LNG supply agreement with Commonwealth LNG for 1 MTPA of capacity at its planned Louisiana export terminal, expanding its global LNG portfolio.

(P&GJ) — EQT Corporation has signed a 20-year sale and purchase agreement (SPA) with Commonwealth LNG for 1 million tonnes per annum of liquefaction capacity at its export terminal under development near Cameron, Louisiana.

Under the agreement, EQT will buy LNG on a free-on-board basis at Henry Hub–linked pricing and market the cargoes internationally. The deal expands EQT’s export portfolio and supports its direct-to-customer global strategy.

“The signing of this agreement with Commonwealth LNG adds to the momentum we are building in the LNG market and further strengthens EQT's position as a leader connecting U.S. natural gas supply to growing global demand,” said Toby Z. Rice, EQT’s president and CEO.

Ben Dell, managing partner of Kimmeridge and chairman of Caturus, the parent company of Commonwealth LNG, said the agreement validates the project’s integrated approach. “By combining EQT's scale and Commonwealth's efficient modular LNG design, we're delivering a differentiated solution for global energy buyers,” he said.

The SPA will take effect once customary conditions are met, including a final investment decision on the project.