Lithuania Secures Long-Term LNG Supply Deal With EQT

Lithuania's energy landscape is set to expand as EQT secures a 10-year supply deal with state-owned Ignitis. The agreement will see EQT deliver one LNG cargo annually to Lithuania, beginning in 2027 and running through 2036.

The pricing for the LNG will be linked to both the Henry Hub and TTF indices, giving customers some flexibility in their energy costs.

Ignitis will be purchasing LNG from EQT under this long-term agreement, with the terms of the deal set to provide a stable supply of natural gas to Lithuania's grid.