Ignitis, a Lithuanian energy company, has finalized a long-term liquefied natural gas (LNG) purchase agreement with a subsidiary of EQT Corporation, a U.S.-based natural gas producer. The deal, covering the period from 2027 to 2036, follows a tender process initiated on August 25, 2026, and is intended to diversify natural gas supply sources for residential consumers in Lithuania. Under the arrangement, Ignitis will procure approximately 1 terawatt-hour of LNG annually, equivalent to 10 cargoes, with pricing benchmarked against both the U.S. Henry Hub and the European TTF index to reflect market conditions.
Ignitis Secures 2027–2036 LNG Deal with EQT Subsidiary for Lithuanian Residential Supply
Lithuanian energy firm Ignitis has signed a long-term liquefied natural gas (LNG) supply agreement with a U.S.-based EQT subsidiary, securing 10 cargoes annually through 2036 to bolster local gas supplies.
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David Chen · Commodities Desk · 19 Sept 2026 · 13:33 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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David Chen
Commodities Desk
David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.
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