News Update

The proposed Lake Charles LNG project received approval from FERC on December 5, 2019 for a five-year extension to build an LNG export facility at Energy Transfer's existing import terminal and regasification facility in Lake Charles, LA, and place them into service. This important milestone is part of Energy Transfer and Shell's continued efforts to advance the Lake Charles LNG export project on the US Gulf Coast toward a final investment decision.

Press Releases

June 5, 2022

Energy Transfer Signs LNG Sale and Purchase Agreement With China Gas

DALLAS -- Energy Transfer LP (NYSE: ET) and China Gas Holdings Limited (HKEX:00384) today announced that China Gas Hongda Energy Trading Co., LTD, a subsidiary of China Gas Holdings Limited (China Gas) has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC (Energy Transfer LNG), a subsidiary of Dallas-based Energy Transfer LP, related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply 0.7 million tonnes of LNG per annum to China Gas on a free-on-board (FOB) basis. Read the full press release here.

May 3, 2022

Energy Transfer Signs LNG Sale and Purchase Agreement With SK Gas Trading LLC

DALLAS -- Energy Transfer LP (NYSE: ET) today announced the execution of a long-term Sale and Purchase Agreement (SPA) with SK Gas Trading LLC (SK Gas) for the supply of 0.4 million tonnes per annum (mtpa) of LNG from Energy Transfer’s Lake Charles LNG export facility. The SPA is for a term of 18 years, and first deliveries are expected to commence as early as 2026. The SPA will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking final investment decision (FID). Read the full press release here.

May 2, 2022

ENERGY TRANSFER SIGNS LNG SALE AND PURCHASE AGREEMENT WITH GUNVOR

DALLAS & SINGAPORE -- Energy Transfer LP (NYSE: ET) and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd (Gunvor) has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC (Energy Transfer LNG), a subsidiary of Energy Transfer LP, related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply 2 million tonnes of LNG per annum to Gunvor on a free-on-board (FOB) basis. The SPA is for a term of 20 years, and first deliveries are expected to commence as early as 2026. The SPAs will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking final investment decision (FID). Read the full press release here.

March 29, 2022

ENERGY TRANSFER AND ENN SIGN 20-YEAR LNG SALE AND PURCHASE AGREEMENTS FOR LAKE CHARLES LNG

DALLAS & LANGFANG, China -- Energy Transfer LP (NYSE: ET), ENN Natural Gas (ENN NG 600803.SH) and ENN Energy Holdings Limited (ENN Energy 2688.HK) today announced that ENN NG and ENN Energy have entered into LNG Sale and Purchase Agreements with Energy Transfer LNG Export, LLC (ET LNG), a subsidiary of Energy Transfer LP, related to its Lake Charles LNG project. Under the two SPAs, ET LNG is expected to supply 1.8 million tonnes of LNG to ENN NG, and 0.9 million tonnes of LNG to ENN Energy, per annum on a free-on-board (FOB) basis. The purchase price is indexed to the Henry Hub benchmark plus a fixed liquefaction charge. Both SPAs are for a term of 20 years, and first deliveries are expected to commence as early as 2026. The SPAs will become fully effective upon the satisfaction of the conditions precedent by ET LNG, including reaching FID. Read the full press release here.

March 30, 2020

ENERGY TRANSFER ANNOUNCES RESTRUCTURING OF LAKE CHARLES LNG PROJECT

DALLAS -- Energy Transfer LP (NYSE: ET) announced today that it will take over development of the Lake Charles LNG export project following Shell’s announcement that it has decided not to proceed with an equity investment in the project. Shell advised Energy Transfer that its decision was made in light of current market conditions. Energy Transfer will take over the role of lead project developer and will continue the development of the project. In this regard, Energy Transfer will evaluate various alternatives to advance the project, including the possibility of bringing in one or more equity partners and reducing the size of the project from three trains (16.45 mtpa of LNG capacity) to two trains (11.0 mtpa). Read the full press release here.
Industry News

February 2021 – American Petroleum Institue

Study: New Lifecycle Analysis Of U.S. LNG Exports

A study released by API and conducted by researchers at ICF examines the environmental benefits of U.S. natural gas use in China, Germany, and India, finding that using U.S. liquefied natural gas (LNG) rather than coal for electricity generation produces on average 50.5 percent fewer greenhouse gas (GHG) emissions in all base case scenarios studied.

Dec. 22, 2019 – Oilprice.com, by Anes Alic

Is LNG Actually the Future of Energy?

Drillers and investors who are getting pummeled in the threadbare LNG market might not be sold anymore on the idea that natural gas is the fuel of the future, but it’s not only the future: It’s the key to every major global energy strategy in the world right now.

Dec. 11, 2019 – The Advocate, by: Randy Hayden

Letters: Project Would Benefit Louisiana Economy

Earlier this month, Energy Transfer and Shell announced that a comprehensive commercial tender package has been issued to engineering, procurement and construction contractors to submit final commercial bids for the proposed Lake Charles LNG liquefaction project under consideration in Lake Charles.

Dec. 5, 2019 – Natural Gas Intelligence, by: James Cocklin

FERC Gives Lake Charles LNG Another Five Years to Finish Gulf Coast Project

FERC on Thursday granted the developers of a liquefied natural gas (LNG) terminal in Calcasieu Parish, LA, a five-year extension to build export facilities and place them in-service as the project moves toward a final investment decision.

Nov. 21, 2019 – BIC Magazine

Globaldata: U.S. Sings the Highest Long-Term LNG Export Contract Volumes

Abundant shale gas production in the US has enabled the country to export natural gas as liquefied natural gas (LNG) to global markets.

Nov. 15, 2019 – San Antonio News-Express, by: Bernard L. Weinstein

Opinion: Use more natural gas, reduce greenhouse gases

For several years, the United States has been the world’s largest producer of natural gas. Production reached an all-time high of 93 billion cubic feet per day last month, up nearly 15 percent over the past year.

Nov. 5, 2019 – RIGZONE, by: Jude Clemente

Natural Gas Emerging as the World's Go-To Fuel

Natural gas is the cleanest, most versatile, and most flexible fossil fuel. Gas emits 50 percent less CO2 than coal and 30 percent less than oil, not to mention having near zero local pollutants that cause smog.

Nov. 3, 2019 – The Daily Iberian, by: Randy Hayden

Letter: Planned LNG Projects a Boon to Southwest Louisiana

As The Advocate recently noted, the state of Louisiana now leads the nation in natural gas exports. This is great news for our state — particularly in light of the number of proposed export facilities that promise to maintain economic growth for the Gulf Coast for years to come.

Oct. 30, 2019 – The Advocate, by: Kristen Mosbrucker

Louisiana Leads Nation in Natural Gas as Net Exports Double, Lake Charles Metro Sees Most Gains

The Louisiana Energy Export Association, a lobbying group for LNG, estimates that its members expect to invest $60 billion in the state economy over the next 10 years with more than 20,000 construction jobs supported and 1,500 full-time jobs at the LNG terminals once completed.

Oct. 3, 2019 – Forbes, by: Michael Lynch

U.S. Exports Are Revolutionizing the LNG Market

U.S. exports are revolutionizing the global LNG market by driving competition and reducing global gas prices. More natural gas consumption globally helps reduce greenhouse gas emissions, to everyone’s benefit.

Sept. 16, 2019 – Louisianians For Energy

LNG Infrastructure Projects Promise Significant Jobs and Investment

Lake Charles LNG, for example, is expected to generate 5,000 jobs during construction and 200 full-time positions when operational. Over the next several years, the construction of energy facilities like it will support thousands of construction jobs, economic development opportunities, and new streams of tax revenue.
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