EQT Signs Contract to Ship 264 MMcf/d to LNG Export Plant in Texas

In April, MDN brought you the news that EQT Corporation, the largest natural gas producer in the country (totally focused on the Marcellus/Utica) had signed two agreements with Glenfarne Energy’s Texas LNG Brownsville export facility to liquefy 2.0 million tons per annum (MTPA) of EQT-extracted shale gas (see EQT Quadruples Deal to Send Gas to LNG Export Plant in S. Texas). That works out to be roughly 264 million cubic feet per day (MMcf/d) of EQT’s M-U molecules hitching a ride to South Texas. Yesterday, Glenfarne announced that what had been a "back of the envelope" agreement (called a Heads of Agreement) with EQT has been upgraded to a binding contract, called a "tolling agreement."

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