European long-term US LNG supply agreements

European entities are increasingly securing long-term liquefied natural gas (LNG) supply agreements with United States producers to enhance energy security and mitigate market volatility.

In September 2026, the Lithuanian state-owned energy company Ignitis signed a decade-long contract with U.S. producer EQT Corporation. Spanning from 2027 to 2036, the deal involves the purchase of ten annual LNG cargoes to cover approximately 40 percent of Lithuanian household natural gas demand. The agreement utilizes the U.S. Henry Hub index alongside the European TTF index to provide more predictable pricing.

By October 2026, Atlantic SEE LNG Trade—a joint venture between AKTOR Group and DEPA Emporias—reinforced this trend by signing a 20-year agreement with American exporter Venture Global. This contract, set to begin deliveries in 2030, secures at least 1 million metric tons per annum (MTPA) of U.S. LNG. This development mirrors similar long-term commitments made by other major energy players, such as ConocoPhillips, to reduce risks associated with spot market volatility.