Energy Transfer

Energy Transfer LP management said it is “disappointed” in the pace of contracting activity for its Lake Charles LNG project. Slow progress signing up project offtakers has delayed a final investment decision, Co-CEO Marshall McCrea said Thursday during a call to discuss 2022 earnings results.  The company has signed agreements to supply 8 million metric…

TotalEnergies SE is withdrawing its representatives on PAO Novatek’s board and said it would stop accounting for its 19.4% stake in the company.

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…

Energy Transfer LP (ET) affiliates have reached a plea deal and accepted criminal charges related to the Mariner East 2 (ME2) and Revolution pipeline projects in Pennsylvania, resolving cases brought by state Attorney General (AG) Josh Shapiro since last year. ET affiliates pleaded no contest to 23 counts against both pipelines without admitting guilt. Another…

The Industrial Energy Consumers of America (IECA) has targeted Energy Transfer LP’s request to extend the timeline of liquefied natural gas (LNG) exports from its proposed Lake Charles project as a part of what group leadership calls “a line in the sand.” The manufacturing advocacy group has moved to intervene in Dallas-based Energy Transfer’s request…

Energy Transfer LP (ET) said Monday it has agreed to supply a Chinese utility with 0.7 million metric tons/year (mmty) of liquefied natural gas (LNG) from its proposed Lake Charles LNG export terminal in Louisiana.  The 25-year deal between Energy Transfer LNG Export LLC and a subsidiary of China Gas Holdings Ltd. is the fifth…

With customer demand growing, Energy Transfer LP’s management team is confident that the Lake Charles, LA, natural gas export project will be sanctioned before the end of the year. During the recent first quarter conference call, Co-CEO Tom Mason said “we’re really excited about where we are today” regarding the pending liquefied natural gas (LNG)…

Energy Transfer LP (ET) said Tuesday it signed yet another long-term deal to sell liquefied natural gas (LNG) from its proposed Lake Charles LNG export terminal in Louisiana.  The company signed a sales and purchase agreement (SPA) with SK Gas Trading LLC of South Korea for 400,000 metric tons/year of LNG on a free-on-board basis.…

Energy Transfer LP’s plans for a brownfield liquefied natural gas (LNG) project in Louisiana has gained new momentum after the announcement of two long-term sale and purchase agreements (SPA) with China’s ENN Natural Gas Co. Ltd. Dallas-based subsidiary Energy Transfer LNG Export LLC  said Tuesday it netted two 20-year SPAs with ENN Natural Gas and…