Lake Charles LNG (Energy Transfer) to Supply Shell 2.1 Million Tonnes of LNG Per Annum – Lake Charles – NEARLY 8 MILLION Tonnes of LNG Contracted

These Breaking News are brought to you by:

Energy Transfer to Supply Shell 2.1 Million Tonnes of LNG Per Annum From Its Lake Charles LNG Export Facility Under 20-Year Agreement
DALLAS — Energy Transfer LP (NYSE: ET) today announced its subsidiary, Energy Transfer LNG Export, LLC, has entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Shell NA LNG LLC related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply Shell 2.1 million tonnes of LNG per annum (mtpa). The LNG will be supplied on a free-on-board (FOB) basis and the purchase price will be indexed to the Henry Hub benchmark, plus a fixed liquefaction charge. The first deliveries are expected to commence as early as 2026. The SPA will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking a final investment decision (FID).

Read the full press release here.