Energy Transfer signs three LNG offtake agreements for Lake Charles project


Midstream energy company Energy Transfer has signed three non-binding deals for the offtake of 3.6 million tonnes per annum of liquified natural gas (LNG) from its Lake Charles LNG project in Louisiana.

Under one of the deals signed by the US-based firm, a Japanese consortium has said it will purchase 1.6 million tonnes per annum of LNG for a 20-year term.

The second will see Chesapeake Energy Marketing supply Lake Charles LNG with volumes of natural gas to produce one million tonnes per annum of LNG for a 15-year period.

Post liquefaction, Gunvor Singapore will purchase LNG from Chesapeake at a price indexed to the Japan Korea Marker for a period of 15 years.

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