American company EQT has agreed to acquire Term Resources for $12.8 billion in an all-stock deal, Bloomberg reports. The combination will allow EQT to return to its position as the largest natural gas producer in the United States, with production of more than 9 billion cubic feet per day. The merger aims to combine the infrastructure of the companies against the background of the growing demand for fuel from LNG export terminals and power plants that serve data centers for artificial intelligence.

American company EQT has agreed to acquire Term Resources for $12.8 billion in an all-stock deal, Bloomberg reports. The combination will allow EQT to return to its position as the largest natural gas producer in the United States, with production of more than 9 billion cubic feet per day. The merger aims to combine the infrastructure of the companies against the background of the growing demand for fuel from LNG export terminals and power plants that serve data centers for artificial intelligence.