EQT and Glencore Expand LNG Offtake Agreements with Commonwealth LNG

EQT Corp and Glencore have each signed agreements to purchase an additional 1 million metric tons per year of liquefied natural gas (LNG) from Commonwealth LNG. These commitments represent a strategic expansion of their existing relationships with the U.S.-based export project. The agreements are structured as 20-year contracts, providing long-term volume certainty for both the buyers and the project developer. Such long-term offtake agreements are essential for the financial viability of large-scale energy infrastructure projects. This development is a critical milestone for Commonwealth LNG, as it moves the project significantly closer to reaching a final investment decision (FID). Securing committed buyers is a primary requirement for the project to unlock the necessary capital for construction and operation. For EQT and Glencore, the expanded agreements solidify their roles in the global LNG trade, leveraging U.S. natural gas resources to meet international demand over the next two decades.