Houston-based Commonwealth LNG is one step closer to reaching a final investment decision for its liquefied natural gas export facility in Cameron, Louisiana, thanks to a deal with Pittsburgh-based EQT Corp. (NYSE: EQT), the largest producer of natural gas in the U.S.
EQT Corp. announced it had reached a tentative liquified natural gas agreement to supply Commonwealth LNG’s potential project in Cameron, Louisiana. The framework is a nonbinding agreement to provide 1 million tons a year of LNG of EQT’s natural gas beginning in 2027 when the plant could open. Financial terms of the agreement weren’t disclosed.
EQT expands LNG footprint with the announcement of a 15-year tolling agreement with Commonwealth LNG.