EQT and NextDecade Sign Long-Term LNG Supply Deal

Who:

EQT Corporation (NYSE: EQT): A U.S.-based natural gas producer headquartered in Pittsburgh, operating primarily in the Appalachian Basin. NextDecade Corporation (NASDAQ: NEXT): Developer of the Rio Grande LNG export project located in Texas.

What:

A 20-year Sale and Purchase Agreement (SPA) covering 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG).

LNG will be supplied from Rio Grande LNG Train 5, once operational.  The contract is based on a free-on-board (FOB) structure with pricing linked to the Henry Hub benchmark. EQT will manage the marketing and delivery of its own LNG cargoes.

When:

Agreement signed: September 3, 2025.  Contract term: 20 years.  Deliveries: Expected to begin following a final investment decision (FID) by NextDecade on Train 5.

Where:

Facility: Rio Grande LNG export terminal in Brownsville, Texas. Destination: Cargoes to be exported internationally to LNG buyers worldwide.

Why:

The deal expands U.S. LNG supply available to international markets. It contributes to energy security by diversifying global gas sourcing options.

How:

LNG will be produced at Rio Grande LNG and loaded FOB for international shipment.  EQT will oversee commercial arrangements, including cargo optimization and marketing. The agreement aligns with broader trends of long-term LNG contracts linking U.S. natural gas to global demand centers.