HomeNewsEQT, Glencore commit to buy more LNG from Commonwealth

EQT, Glencore commit to buy more LNG from Commonwealth

4/10/2026
  • Commonwealth secures enough LNG sales to begin project financing process
  • Glencore's total LNG offtake rises to 3 MMtpy, EQT's to 2 MMtpy, filing shows
  • EQT's new contract replaces JERA's terminated volumes

EQT Corp. and Glencore have each agreed to buy an additional 1 metric MMtpy of liquefied natural gas from Commonwealth LNG under 20‑yr contracts, a regulatory filing seen by media showed, moving the U.S. exporter closer to a final investment decision.

Commonwealth said on Wednesday it had sold enough of the export capacity from its 9.5-MMtpy Louisiana (U.S.) project to seek financing but did not disclose the buyers of the final volumes.

“With commercialization finalized, the launch of the financing process with lenders is set to begin as the company advances the project toward a final investment decision anticipated in the coming weeks,” Commonwealth said.

The filing to the U.S. Department of Energy shows Commonwealth on March 26 signed an additional sale and purchase agreement with Glencore for up to 1 metric MMtpy of LNG for 20 yrs. Glencore agreed in March 2025 to buy 2 metric MMtpy from Commonwealth.

The latest deal raises its total contracted volumes to 3 MMtpy, or nearly one‑third of the project’s total export capacity. EQT agreed on March 3 to purchase an additional 1 MMtpy, bringing its total contracted volumes to 2 MMtpy, after signing a 20‑yr contract for 1 MMtpy in September, the filing showed. The additional EQT volumes replaced 1 MMtpy that Japan’s JERA had terminated, according to the filing.

Commonwealth has now sold 8 MMtpy of its planned 9.5 MMtpy capacity and continues to seek long‑term buyers, though it has previously said it intends to retain about 1 MMtpy for trading.

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