trending Market Intelligence /marketintelligence/en/news-insights/trending/DzN0eq9Fy-CeMPcWOYxKNQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Energy Transfer, Shell ink deal to further develop Lake Charles LNG project

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico


Energy Transfer, Shell ink deal to further develop Lake Charles LNG project

Energy Transfer LP signed a project framework agreement with a unit of joint venture partner Royal Dutch Shell PLC that is set to further develop the Lake Charles LNG project in Louisiana and expected to push the project closer to a final investment decision.

The agreement includes commercial terms for developing the LNG export facility. Shell would serve as the project lead and, if the project is sanctioned, as construction manager and operator of the facility. Energy Transfer will be the site manager and project coordinator prior to the final investment decision, or FID.

Energy Transfer and Shell US LNG LLC also said they have started talks with LNG engineering, procurement and contracting companies and intends to call for contract bids sometime in the following weeks, according to a March 25 news release. An FID for the project, which has all major regulatory permits in hand, would still rely on the results of the contract bidding process, the project's competitiveness and global LNG market conditions at the time of the decision.

The 50/50 joint project, which would convert Energy Transfer's existing Lake Charles LNG import and regasification terminal to an export facility, is designed to have a liquefaction capacity of 16.45 million tonnes per year for U.S. natural gas export to international customers.

"Lake Charles presents a material, competitive liquefaction project with the potential to provide Shell with an operated LNG export position on the U.S. Gulf Coast by the time global supply is expected to tighten in the mid-2020's," Shell Vice President for Lake Charles LNG Frederic Phipps said.

Energy Transfer recently said that the viability of the project will depend on U.S.-Chinese trade dynamic and looks to reach a potential resolution to the trade rift between the two countries to accelerate its projects.