Biden DOE Denies Lake Charles LNG Time Extension for Exports

Energy Transfer's (ET) Lake Charles LNG project, in Louisiana, has been plagued with trouble from the beginning. The project began life as a 50/50 joint venture with Shell. However, Shell pulled out in 2020 (see Shell Pulls Out of Lake Charles LNG Project, Energy Transfer Stays). While ET has signed a number of customers to long-term contracts for LNG to be produced at the plant, ET is nowhere near having the necessary contracts in place to pull the trigger on a final investment decision (FID). So, ET keeps pushing off an FID and asking for more time from the Dept. of Energy to begin exports. The latest request is for an extra three years, from 2025 to 2028, to begin LNG exports to non-free trade agreement nations. The Bidenistas just denied ET's request and put other LNG projects on notice not to expect extensions.

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