EQT Corporation, Uniper, Liquefied natural gas

EQT Corporation and Uniper Sign Agreement for Long-Term LNG Supply

EQT Corporation (NYSE: EQT) and Uniper SE (ETR: UN01) have signed a long-term sales and purchase agreement (SPA) for the supply of liquefied natural gas (LNG) from EQT's planned LNG export terminal in West Virginia, USA.

Under the terms of the SPA, EQT will supply Uniper with approximately 2 million tonnes per annum (MTPA) of LNG for a period of 20 years, starting in 2027.

The LNG will be produced from EQT's Marcellus Shale gas production and will be exported from EQT's planned LNG export terminal in West Virginia.

Benefits of the Agreement

The agreement between EQT and Uniper is a significant development for both companies.

For EQT, the agreement provides a long-term market for its LNG, which will help to support the development of its LNG export terminal.

For Uniper, the agreement secures a reliable supply of LNG from a major producer, which will help to meet the growing demand for LNG in Europe.

The Future of LNG

The global demand for LNG is expected to grow significantly in the coming years, driven by the increasing demand for natural gas in power generation and industrial applications.

The agreement between EQT and Uniper is a sign of the growing importance of LNG in the global energy market.

EQT and Uniper are both committed to the development of the LNG industry and are working together to meet the growing demand for LNG.