EQT Announces Tolling Agreement With Commonwealth LNG To Produce 1M Tons Per Annum Of LNG Under A 15-Year Tolling Agreement
Portfolio Pulse from Benzinga Newsdesk
EQT Corporation has entered into a Heads of Agreement (HOA) for liquefaction services from Commonwealth LNG's facility in Louisiana to produce 1 million tons per annum of LNG under a 15-year tolling agreement. Final terms are subject to negotiation. Commonwealth anticipates a final investment decision in Q1 2024, with first cargo deliveries expected in 2027. This move is part of EQT's risk-adjusted LNG strategy to diversify production to international markets.
September 18, 2023 | 8:20 pm
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EQT's new agreement with Commonwealth LNG for liquefaction services could diversify its production to international markets, potentially increasing its revenue and market share.
The agreement with Commonwealth LNG allows EQT to produce 1 million tons per annum of LNG, which could significantly increase its production capacity and diversify its market. This could lead to increased revenue and market share, positively impacting its stock price.
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