EQT Corp. has signed a tentative 15-year tolling agreement with the proposed Commonwealth LNG export terminal in Louisiana to liquefy 1 million metric tons/year (mmty) of the super-chilled fuel that the top producer can sell on international markets. 

The heads of agreement (HOA) builds on another agreement EQT signed to liquefy 1 mmty at the proposed Lake Charles liquefied natural gas project earlier in the year. Final terms of both the deals need to be finalized. 

“This HOA with Commonwealth represents another step forward in EQT’s risk-adjusted LNG strategy, which seeks to diversify a portion of our production to international markets via arrangements that offer the best combination of upside exposure and downside risk mitigation,” said EQT CEO Toby Rice. 

EQT, the...