Utility Companies EQT is Supplying 1.2 Bcf/d of Gas Revealed

During EQT Corporation's third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2 billion cubic feet per day (Bcf/d) of EQT’s molecules. Those molecules will flow on the Mountain Valley Pipeline (MVP) beginning in 2027 (see EQT Sets New World Drilling Record; Deals to Sell 1.2 Bcf/d via MVP). Financial terms of the deals and the identities of the two companies receiving those molecules were not disclosed. However, EQT CEO Toby Rice said the deals were with two utility companies. This week, Argus Media published the identity of the two utility companies...

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