Shell plc has increased its portfolio of U.S. LNG and helped progress a developing Gulf Coast export project it once held a half-stake in with a long-term agreement with Energy Transfer LP (ET).

ET signed a 20-year sales and purchase agreement (SPA) with Shell for 2.1 million metric tons/year from the proposed Lake Charles LNG project. Cargoes indexed to Henry Hub could be delivered on a free-on-board basis starting in 2026 if there is a final investment decision (FID).

“This agreement will enable us to further meet the increasing demand for LNG and positions Shell as a leading buyer of LNG from the U.S., which in 2021 became the world’s biggest LNG supplier,” Shell’s Steve Hill, executive vice president of energy marketing, said.

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