Commonwealth LNG, EQT Sign 20-Year Deal for 1 Mtpa to Advance Louisiana Export Project

Overview

• EQT secured 1.0 Mtpa of LNG supply for 20 years from Commonwealth’s planned 9.5 Mtpa terminal near Cameron, Louisiana.
• Under the SPA, EQT will purchase cargos on a free‑on‑board basis priced to Henry Hub and will market and optimize the volumes internationally.
• The agreement becomes fully effective only after customary conditions are met, including an affirmative final investment decision, with first LNG targeted in 2029.
• With the EQT contract, Commonwealth reports 5 Mtpa of binding offtake alongside existing deals with Glencore, JERA and PETRONAS.
• EQT frames the deal as expanding its LNG export portfolio and direct‑to‑customer strategy, while cautioning that project timing and completion remain subject to risks and uncertainties.