Energy Transfer’s Lake Charles LNG Still Alive – Deal w/Chevron

Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see Shell Pulls Out of Lake Charles LNG Project, Energy Transfer Stays). Kind of a boneheaded move on Shell's part, if you ask us. Since that time, ET has continued to build support for the project. ET still has not made a final investment decision (FID) to commit billions of dollars, but each year that goes back gets the company closer to an FID. Yesterday, ET announced a new customer for its LNG when/if the plant gets built: Chevron.

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