Energy Transfer Signs LNG Supply Deal to Singapore Unit of Trading House Gunvor

Analysts with Tudor, Pickering, Holt & Co. viewed the new long-term LNG deal as constructive but noted that investors should be focused on fixed toll levels given the looming oversupply.

Hart Energy Staff

U.S. pipeline company Energy Transfer LP will supply two million tonnes of LNG per annum to the Singapore unit of trading house Gunvor Group Ltd. as part of a 20-year deal announced on May 2.

The LNG will be supplied from Energy Transfer's Lake Charles project in Louisiana and first deliveries are expected to begin as early as 2026.

Gas companies have in recent months rushed to cash in on a surge in natural gas prices as Western sanctions on Russian supply jolted an already tight market.

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