Energy Transfer Edging Closer to FID for Lake Charles LNG Facility

Energy Transfer LP has signed five LNG export agreements to date for 5.8 million tons per annum (mtpa) of supply ahead of an anticipated final investment decision (FID) this year regarding a large-scale Lake Charles shipping facility that could see initial tankers setting sail as early as 2026.

“Recent events in Europe highlight the importance of LNG from the United States, a country with abundant natural gas supply and strong geopolitical ties to Europe. We are hopeful that our Lake Charles LNG project will be a significant factor in the long-term solution for global energy needs,” Energy Transfer’s Public Relations spokeswomen told Hart Energy June 10.

Each Sale and Purchase Agreement (SPA) will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG, an affiliate of Energy Transfer, taking FID, which is anticipated by year-end 2022, Energy Transfer LNG President Tom Mason said June 5 in a company press release.